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sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:52.43pt;position:var(--position);text-decoration:none;white-space:pre"> have developed and implemented a cybersecurity risk management program intended to protect the confidentiality, integrity, </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.91pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">and availability of our critical systems and information. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:125.71pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">We design and assess our program based on the National Institute of Standards and Technology Cybersecurity Framework (NIST </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:135.71pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">CSF). This does not imply that we meet any particular technical standards, specifications, or requirements, only that we use the NIST </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:145.71pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">CSF as a guide to help us identify, assess, and manage cybersecurity risks relevant to our business.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:163.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Our cybersecurity risk management program is </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:218.26pt;position:var(--position);text-decoration:none;white-space:pre">integrated</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:257.74pt;position:var(--position);text-decoration:none;white-space:pre"> into our overall risk management program, and shares common </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:173.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">methodologies, reporting channels and governance processes that apply across the risk management program to other legal, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:183.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">compliance, strategic, operational, and financial risk areas.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:201.31pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Key elements of our cybersecurity risk management program include but are not limited to the following:</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:219.11pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">risk assessments designed to help identify material risks from cybersecurity threats to our critical systems and information;</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:229.11pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">a security team principally responsible for managing (1) our cybersecurity risk assessment processes, (2) our security controls, and </span></div><div 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training of our employees, including incident response personnel, and senior management, including </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:269.11pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">phishing training courses designed to educate users on detecting malicious emails; </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:279.11pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">a cybersecurity incident response plan that includes procedures for responding to cybersecurity incidents; </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:289.11pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">use of a Digital Forensics and Incident Response team provided by our external IT service provider as needed; and</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:299.11pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">an internal risk management process for key service providers based on our assessment of their criticality to our operations and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:309.11pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">respective risk profile.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:326.91pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', 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style="font-size:12pt;line-height:8.5pt;position:var(--position);top:346.91pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">cybersecurity threat that, if realized, are reasonably likely to materially affect us, including our operations, business strategy, results </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:356.91pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">of operations, or financial conditions. For more information, see the section titled “Risk Factor— Cyberattacks or other failures in our </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:366.91pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">telecommunications or information technology systems, or those of our collaborators, contract research organizations, third-party </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:376.91pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">logistics providers, distributors or other contractors or consultants, could result in information theft, data corruption and significant </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:386.91pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">disruption of our business operations.”</span></div> <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Our cybersecurity risk management program is </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:218.26pt;position:var(--position);text-decoration:none;white-space:pre">integrated</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:257.74pt;position:var(--position);text-decoration:none;white-space:pre"> into our overall risk management program, and shares common </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:173.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">methodologies, reporting channels and governance processes that apply across the risk management program to other legal, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:183.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">compliance, strategic, operational, and financial risk areas.</span></div> true true true false <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:416.36pt;position:var(--position);text-decoration:none;white-space:pre">Audit Committee (Committee) </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:424.91pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">oversight of cybersecurity and other information technology risks. The Committee oversees management’s implementation of our </span></div>cybersecurity risk management program. <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:416.36pt;position:var(--position);text-decoration:none;white-space:pre">Audit Committee (Committee) </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:424.91pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">oversight of cybersecurity and other information technology risks. The Committee oversees management’s implementation of our </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:434.91pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">cybersecurity risk management program. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:452.71pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Committee receives reports at least annually from management on our cybersecurity risks. In addition, management updates </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:462.71pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the Committee,where it deems appropriate, regarding any cybersecurity incidents it considers to be significant or potentially </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:472.71pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">significant.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:80.1pt;position:var(--position);text-decoration:none;white-space:pre"> The full Board also periodically receives briefings from management on our cyber risk management program. Board </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:482.71pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">members receive presentations on cybersecurity topics from our Vice President of IT, internal security staff or external experts as </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:492.71pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">part of the Board's continuing education on topics that impact public companies.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:510.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Our </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.53pt;position:var(--position);text-decoration:none;white-space:pre">management team, including our Vice President of IT who serves as our Information Security Officer</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:431.49pt;position:var(--position);text-decoration:none;white-space:pre">, has a combined 30+ years </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:520.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">of risk management experience and is responsible for assessing and managing our material risks from cybersecurity threats. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:505.9pt;position:var(--position);text-decoration:none;white-space:pre">Our </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:530.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Vice President of IT brings 20+ years of experience, including serving as lead of all aspects of IT strategy at similar Boston-area </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:540.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">biopharma companies. Based on the Vice President of IT's extensive background, he counsels the management team on IT risks and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:550.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">leads the overall function. The team has primary responsibility for our overall cybersecurity risk management program and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:560.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">supervises both our internal cybersecurity personnel and our retained external cybersecurity consultants. Our management team’s </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:570.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">experience includes experience managing IT programs as well as various certifications, such as the Information Systems Security </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:580.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Professional certification, and Certified Cloud Security Professionalism certification. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:598.31pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Our management team takes steps to stay informed about and monitor efforts to prevent, detect, mitigate, and remediate </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:608.31pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">cybersecurity risks and incidents through various means, which may include briefings from internal security personnel; threat </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:618.31pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">intelligence and other information obtained from governmental, public or private sources, including external consultants engaged </span></div>by us; and alerts and reports produced by security tools deployed in our information technology environment. <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Our Board considers cybersecurity risk as part of its risk oversight function and has delegated to the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:416.36pt;position:var(--position);text-decoration:none;white-space:pre">Audit Committee (Committee) </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:424.91pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">oversight of cybersecurity and other information technology risks. The Committee oversees management’s implementation of our </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:434.91pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">cybersecurity risk management program. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:452.71pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Committee receives reports at least annually from management on our cybersecurity risks. In addition, management updates </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:462.71pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the Committee,where it deems appropriate, regarding any cybersecurity incidents it considers to be significant or potentially </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:472.71pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">significant.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:80.1pt;position:var(--position);text-decoration:none;white-space:pre"> The full Board also periodically receives briefings from management on our cyber risk management program. Board </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:482.71pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">members receive presentations on cybersecurity topics from our Vice President of IT, internal security staff or external experts as </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:492.71pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">part of the Board's continuing education on topics that impact public companies.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:510.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Our </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.53pt;position:var(--position);text-decoration:none;white-space:pre">management team, including our Vice President of IT who serves as our Information Security Officer</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:431.49pt;position:var(--position);text-decoration:none;white-space:pre">, has a combined 30+ years </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:520.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">of risk management experience and is responsible for assessing and managing our material risks from cybersecurity threats. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:505.9pt;position:var(--position);text-decoration:none;white-space:pre">Our </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:530.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Vice President of IT brings 20+ years of experience, including serving as lead of all aspects of IT strategy at similar Boston-area </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:540.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">biopharma companies. Based on the Vice President of IT's extensive background, he counsels the management team on IT risks and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:550.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">leads the overall function. The team has primary responsibility for our overall cybersecurity risk management program and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:560.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">supervises both our internal cybersecurity personnel and our retained external cybersecurity consultants. Our management team’s </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:570.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">experience includes experience managing IT programs as well as various certifications, such as the Information Systems Security </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:580.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Professional certification, and Certified Cloud Security Professionalism certification. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:598.31pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Our management team takes steps to stay informed about and monitor efforts to prevent, detect, mitigate, and remediate </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:608.31pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">cybersecurity risks and incidents through various means, which may include briefings from internal security personnel; threat </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:618.31pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">intelligence and other information obtained from governmental, public or private sources, including external consultants engaged </span></div>by us; and alerts and reports produced by security tools deployed in our information technology environment. true <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Committee receives reports at least annually from management on our cybersecurity risks. In addition, management updates </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:462.71pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the Committee,where it deems appropriate, regarding any cybersecurity incidents it considers to be significant or potentially </span></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">significant.</span> <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Committee receives reports at least annually from management on our cybersecurity risks. In addition, management updates </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:462.71pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the Committee,where it deems appropriate, regarding any cybersecurity incidents it considers to be significant or potentially </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:472.71pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">significant.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:80.1pt;position:var(--position);text-decoration:none;white-space:pre"> The full Board also periodically receives briefings from management on our cyber risk management program. Board </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:482.71pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">members receive presentations on cybersecurity topics from our Vice President of IT, internal security staff or external experts as </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:492.71pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">part of the Board's continuing education on topics that impact public companies.</span></div> <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Our </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.53pt;position:var(--position);text-decoration:none;white-space:pre">management team, including our Vice President of IT who serves as our Information Security Officer</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:431.49pt;position:var(--position);text-decoration:none;white-space:pre">, has a combined 30+ years </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:520.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">of risk management experience and is responsible for assessing and managing our material risks from cybersecurity threats. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:505.9pt;position:var(--position);text-decoration:none;white-space:pre">Our </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:530.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Vice President of IT brings 20+ years of experience, including serving as lead of all aspects of IT strategy at similar Boston-area </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:540.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">biopharma companies. Based on the Vice President of IT's extensive background, he counsels the management team on IT risks and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:550.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">leads the overall function. The team has primary responsibility for our overall cybersecurity risk management program and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:560.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">supervises both our internal cybersecurity personnel and our retained external cybersecurity consultants. Our management team’s </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:570.51pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">experience includes experience managing IT programs as well as various certifications, such as the Information Systems Security </span></div>Professional certification, and Certified Cloud Security Professionalism certification. <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Our </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.53pt;position:var(--position);text-decoration:none;white-space:pre">management team, including our Vice President of IT who serves as our Information Security Officer</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:431.49pt;position:var(--position);text-decoration:none;white-space:pre">, has a combined 30+ years </span>of risk management experience and is responsible for assessing and managing our material risks from cybersecurity threats. true 238 PricewaterhouseCoopers LLP Boston, Massachusetts 4659000 4315000 750000 0 513000 2580000 4659000 4828000 3330000 46618000 71469000 53295000 56567000 69454000 96235000 -98527000 -136095000 -146199000 0 151808000 61787000 38485000 -2398000 77945000 375000 151000 -122000 -3628000 13131000 -27630000 1331000 961000 -908000 36564000 163652000 111072000 13048000 22669000 16012000 1876000 1731000 3424000 0 -8108000 2650000 43908000 8058000 10159000 -32735000 4773000 5078000 -17928000 -8754000 -6055000 1699000 199000 0 -110927000 23774000 -36103000 -842000 -4008000 30525000 -110084000 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-26492000 138506000 89000 -14478000 149516000 542220000 5369000 547589000 -65697000 -65697000 -931000 -66628000 92000 92000 92000 92000 -65697000 -65604000 -931000 -66535000 -9085000 -9085000 306506 6000 638000 239226 530000 -22000 1153000 1153000 7683526 19650000 19650000 19650000 3348000 3348000 277000 3625000 -1458000 -1458000 1458000 0 425219 986000 156000 1142000 1142000 -6000 -6000 289468159 5461000 290262000 -17614428 -44626000 138506000 182000 -9538000 83820000 464066000 -5835000 458232000 53510000 53510000 -25728000 27782000 53510000 53510000 -25728000 27782000 7430000 7430000 412729 1041000 -146000 895000 895000 31540670 600000 -600000 104844000 104844000 104844000 1903990 4791000 4791000 4791000 4569000 4569000 17372000 21941000 599512 1512000 -211000 1301000 1301000 -1000 -1000 1000 0 -12000 -12000 257927489 4860000 290262000 -18506177 -46864000 138506000 182000 -4726000 32486000 414707000 -6774000 407933000 -109739000 -109739000 -345000 -110084000 -109739000 -109739000 -345000 -110084000 65000 164000 -58000 106000 106000 6338000 6338000 758000 7095000 2197726 5544000 -4942000 603000 603000 -36000 -36000 36000 0 1000 22000 23000 23000 257927489 4860000 290262000 -16243451 -41154000 138506000 182000 -3352000 -77231000 312073000 -6397000 305676000 -110084000 27782000 -66628000 3348000 3571000 4933000 8222000 22850000 4415000 -38485000 2398000 -77945000 -375000 -151000 265000 1699000 199000 0 0 151808000 61787000 -17928000 -8754000 -6055000 -3628000 13131000 -27630000 93000 -14000 -318000 112000 226000 1260000 -842000 -4008000 30525000 32735000 -4773000 -5078000 -236000 629000 9750000 -1862000 -1262000 2834000 0 0 -283000 -1025000 -9695000 3844000 0 92000 1374000 5503000 37913000 150000 13621000 23547000 14454000 4521000 1295000 1701000 -85131000 -134369000 -105917000 6000 11000 70000 269000 255000 865000 0 0 175000 888000 14400000 0 2753000 298109000 33309000 150000 0 16850000 0 -660000 0 0 -660000 0 0 91570000 13784000 84049000 308942000 178860000 145310000 357447000 244556000 50000 0 0 63288000 240888000 68991000 0 25000000 100000000 0 68100000 0 3579000 3394000 3338000 106000 895000 1153000 2053000 102768000 0 801000 0 0 0 4791000 19650000 0 0 -23000 -6328000 -16958000 78141000 -28171000 89560000 41215000 280641000 191081000 149866000 252470000 280641000 191081000 0 0 25000 0 2076000 0 1404000 1301000 1142000 2836000 0 0 <div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Material Accounting Policies</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:178.41pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Description of Business</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:188.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">PureTech Health </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:121.49pt;position:var(--position);text-decoration:none;white-space:pre">plc</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:132.8pt;position:var(--position);text-decoration:none;white-space:pre"> (the “Parent”) is a public company incorporated, domiciled and registered in the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:440.13pt;position:var(--position);text-decoration:none;white-space:pre">United Kingdom</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:502.26pt;position:var(--position);text-decoration:none;white-space:pre"> (“UK”). The </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:198.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">registered number is 09582467 and the registered address is </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:286.23pt;position:var(--position);text-decoration:none;white-space:pre">13th Floor, One Angel Court, London, EC2R 7HJ, United Kingdom</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:535.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:216.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Parent and its subsidiaries are together referred to as the “Group”.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:234.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The accounting policies set out below have, unless otherwise stated, been applied consistently to all periods presented in these </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:244.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">group financial statements.</span></div><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Basis of Presentation</span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:272.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The consolidated financial statements of the Group (the "Consolidated Financial Statements") are presented as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:488.04pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:282.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:74.37pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:93.11pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:110.78999999999999pt;position:var(--position);text-decoration:none;white-space:pre">, and for the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:158.81pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:205.07pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:207.28pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:280.22pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:284.64pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:302.32pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:321.06pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:338.74pt;position:var(--position);text-decoration:none;white-space:pre">. The Consolidated Financial Statements have been </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:292.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">approved by the Directors on </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:169.67000000000002pt;position:var(--position);text-decoration:none;white-space:pre">April 29, 2026</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:220.74pt;position:var(--position);text-decoration:none;white-space:pre">, and are prepared in accordance with IFRS Accounting Standards as issued by the the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:302.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">International Accounting Standards Board ("IASB").</span></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">For presentation of the Consolidated Statement of Comprehensive Income/(Loss), the Group uses a classification based on the </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:330.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">function of expenses, rather than based on their nature, as it is more representative of the format used for internal reporting and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:340.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">management purposes and is consistent with international practice.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:357.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Certain amounts in the Consolidated Financial Statements and accompanying notes may not add due to rounding. All percentages </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:367.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">have been calculated using unrounded amounts.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:385.61pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Basis of Measurement </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:395.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Consolidated Financial Statements are prepared on the historical cost basis except that the following assets and liabilities are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:405.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">stated at their fair value: investments held at fair value, investments in notes from associates and preferred share liabilities. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:423.61pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Use of Judgments and Estimates </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:433.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">In preparing the Consolidated Financial Statements, management has made </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:346.26pt;position:var(--position);text-decoration:none;white-space:pre">judgments</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:386.53pt;position:var(--position);text-decoration:none;white-space:pre">, estimates and assumptions that affect the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:443.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">application of the Group’s accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:453.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">may differ from these estimates. Estimates and underlying assumptions are reviewed on an on-going basis.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:471.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Significant estimation is applied in determining the following:</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:489.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Financial instruments (see Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:188.41pt;position:var(--position);text-decoration:none;white-space:pre">19. Financial Instruments</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:281.12pt;position:var(--position);text-decoration:none;white-space:pre">): In accordance with IFRS 9, Financial Instruments ("IFRS 9"), the Group </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:499.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">carries certain financial assets and financial liabilities at fair value, with changes in fair value through profit and loss ("FVTPL"). </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:509.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Valuation of the aforementioned financial instruments includes determining the appropriate valuation methodology and making </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:519.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">certain estimates such as the equity value of an entity and the probability of entering into an initial public offering. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:537.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Significant judgement is also applied in determining the following:</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:555.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Whether financial instruments should be classified as liability or equity (see Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:371.84000000000003pt;position:var(--position);text-decoration:none;white-space:pre">17. Subsidiary Preferred Shares</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:488.45000000000005pt;position:var(--position);text-decoration:none;white-space:pre">). The judgement </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:565.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">includes an assessment of whether the financial instruments include contractual obligations of the Group to deliver cash or other </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:575.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">financial assets or to exchange financial assets or financial liabilities with another party, and whether those obligations could be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:585.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">settled by the Group exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:595.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Further information about these critical judgments and estimates is included below under Financial Instruments.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:605.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Whether the power to control investees exists (see Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:281.26pt;position:var(--position);text-decoration:none;white-space:pre">5. Investments Held at Fair Value</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:404.35pt;position:var(--position);text-decoration:none;white-space:pre">, Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:430.17999999999995pt;position:var(--position);text-decoration:none;white-space:pre">6. Investments in Associates</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:535.16pt;position:var(--position);text-decoration:none;white-space:pre"> and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:615.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Note </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:89.44pt;position:var(--position);text-decoration:none;white-space:pre">8. Gain/(loss) on Deconsolidation of Subsidiary</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:265.95pt;position:var(--position);text-decoration:none;white-space:pre"> and accounting policy with regard to Subsidiaries below). The judgement </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:625.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">includes an assessment of whether the Group has (i) power over the investee; (ii) exposure, or rights, to variable returns from its </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:635.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">involvement with the investee; and (iii) the ability to use its power over the investee to affect the amount of its own returns. The </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:645.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Group considers among others its voting shares, shareholder agreements, ability to appoint board members, representation on </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:655.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">the board, rights to appoint management, de facto control, and investee dependence on the Group. If the power to control the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:665.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">investee exists, it consolidates the financial statements of such investee in the Consolidated Financial Statements of the Group. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:675.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Upon issuance of new shares in an investee and/or a change in any shareholders or governance agreements, the Group </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:685.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">reassesses its ability to control the investee based on the revised voting interest, revised board composition and revised </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:695.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">subsidiary governance and management structure. When such new circumstances result in the Group losing its power to control </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:705.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">the investee, the investee is deconsolidated.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:715.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Whether the Group has significant influence over financial and operating policies of investees in order to determine if the Group </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:725.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">should account for its investment as an associate based on IAS 28 </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:316.40999999999997pt;position:var(--position);text-decoration:none;white-space:pre">Investments in Associates and Joint Ventures </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:487.63pt;position:var(--position);text-decoration:none;white-space:pre">("IAS 28") or a </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:735.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">financial instrument based on IFRS 9 (refer to Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:260.05pt;position:var(--position);text-decoration:none;white-space:pre">5. Investments Held at Fair Value</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:383.14pt;position:var(--position);text-decoration:none;white-space:pre"> and Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:423.28999999999996pt;position:var(--position);text-decoration:none;white-space:pre">6. Investments in Associates</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:528.27pt;position:var(--position);text-decoration:none;white-space:pre">). This </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:745.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">judgement includes, among others, an assessment whether the Group has representation on the board of directors of the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:755.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">investee, whether the Group participates in the policy making processes of the investee, whether there is any interchange of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:765.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">managerial personnel, whether there is any essential technical information provided to the investee and if there are any </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:775.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">transactions between the Group and the investee.</span></div><div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Material Accounting Policies continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Upon determining that the Group does have significant influence over the financial and operating policies of an investee, if the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Group holds more than a single instrument issued by its equity-accounted investee, judgement is required to determine whether </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">the additional instrument forms part of the investment in the associate, which is accounted for under IAS 28 and scoped out of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">IFRS 9, or it is a separate financial instrument that falls in the scope of IFRS 9. This judgement includes an assessment of the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">characteristics of the financial instrument of the investee held by the Group and whether such financial instrument provides </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:157.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">access to returns underlying an ownership interest.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:167.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">When the Group has other investments in an equity accounted investee that are not accounted for under IAS 28, judgement is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:177.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">required in determining if such investments constitute long-term interests ("LTI") for the purposes of IAS 28. This determination is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:187.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">based on the individual facts and circumstances and characteristics of each investment, but is driven, among other factors, by the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:197.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">intention and likelihood to settle the instrument through redemption or repayment in the foreseeable future, and whether or not </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:207.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">the investment is likely to be converted to common stock or other equity instruments. After considering the individual facts and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:217.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">circumstances of the Group’s investment in its associate's preferred stock in the manner described above, including the long-</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:227.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">term nature of such investment, the ability of the Group to convert its preferred stock investment to an investment in common </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:237.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">shares and the likelihood of such conversion, the Group concluded that such investment was considered a long-term interest.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:247.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">In determining the appropriate accounting treatment for the Royalty Purchase Agreement during 2023, management applied </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:257.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">significant judgement (refer to Note </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:188.54pt;position:var(--position);text-decoration:none;white-space:pre">18. Sale of Future Royalties Liability</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:322.84000000000003pt;position:var(--position);text-decoration:none;white-space:pre">).</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:275.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:61.099999999999994pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.04pt;position:var(--position);text-decoration:none;white-space:pre">, the Group had cash and cash equivalents of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:305.59pt;position:var(--position);text-decoration:none;white-space:pre">$252,470</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:338.74pt;position:var(--position);text-decoration:none;white-space:pre"> and short-term investments of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:456.14pt;position:var(--position);text-decoration:none;white-space:pre">$24,829</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:484.87pt;position:var(--position);text-decoration:none;white-space:pre">. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:489.29pt;position:var(--position);text-decoration:none;white-space:pre">Considering </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:285.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the Group’s financial position as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:172.51pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:245.45pt;position:var(--position);text-decoration:none;white-space:pre">, and its principal risks and opportunities, the Group prepared a going </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:295.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">concern analysis covering a period of at least the twelve-month period from the date of signing the Consolidated Financial </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:305.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Statements ("the going concern period") utilizing realistic scenarios and applying a severe but plausible downside scenario. Even </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:315.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">under the downside scenario, the analysis demonstrates the Group continues to maintain sufficient liquidity headroom and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:325.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">continues to comply with all financial obligations. The Board of Directors believe the Group and the Parent is adequately resourced </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:335.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">to continue in operational existence for at least the twelve-month period from the date of signing the Consolidated Financial </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:345.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Statements. Accordingly, the Board of Directors considered it appropriate to adopt the going concern basis of accounting in </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:355.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">preparing the Consolidated Financial Statements and the PureTech Health plc Financial Statements. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:373.26pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Basis of consolidation</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:383.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Consolidated Financial Statements as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:209.48pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:282.41999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:301.16pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:318.84pt;position:var(--position);text-decoration:none;white-space:pre">, and for each of the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:396.76pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:443.02pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:445.23pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:518.1700000000001pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:393.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:57.37pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:76.11pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:93.78999999999999pt;position:var(--position);text-decoration:none;white-space:pre">, comprise PureTech Health plc and its consolidated subsidiaries. Intra-group balances and transactions, and any </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:403.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">unrealized income and expenses arising from intra-group transactions, are eliminated.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:421.26pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiaries </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:431.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">As used in these financial statements, the term subsidiaries refers to entities that are controlled by the Group. Under applicable </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:441.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">accounting rules, the Group controls an entity when it is exposed to, or has the rights to, variable returns from its involvement with </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:451.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the entity and has the ability to affect those returns through its power over the entity. In assessing control, the Group takes into </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:461.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">consideration potential voting rights, board representation, shareholders' agreements, ability to appoint board of directors and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:471.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">management, de facto control and other related factors. The financial statements of subsidiaries are included in the Consolidated </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:481.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Financial Statements from the date that control commences until the date that control ceases. Losses applicable to the non-</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:491.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">controlling interests ("NCI") in a subsidiary are allocated to the non-controlling interests even if doing so causes the non-controlling </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:501.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">interests to have a deficit balance.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:519.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">A list of all current and former subsidiaries organized with respect to classification as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:367.74pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:440.68pt;position:var(--position);text-decoration:none;white-space:pre">, and the Group’s total </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:529.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">voting percentage, based on outstanding voting common and preferred shares as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:360.25pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:433.19pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:437.61pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:455.29pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:474.03pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:491.71pt;position:var(--position);text-decoration:none;white-space:pre">, is outlined </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:539.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">below. All current subsidiaries are domiciled within the United States and conduct business activities solely within the United States. </span></div></div><div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Material Accounting Policies continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:107.66pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:219.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:45pt"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="8" style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);width:276pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:276pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:44.25pt;position:var(--position);text-decoration:none;white-space:pre">Voting percentage at </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:112.34pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:156.76999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> through the holdings in</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:11.25pt;width:90pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:90pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:36.72pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:11.25pt;width:90pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:90pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:37.22pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:11.25pt;width:90pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:90pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:37.22pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:22.5pt;width:219.75pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:22.5pt;width:45pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:12.85pt;position:var(--position);text-decoration:none;white-space:pre">Common</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:22.5pt;width:45pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:8.97pt;position:var(--position);text-decoration:none;white-space:pre"> Preferred</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:22.5pt;width:45pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:13.34pt;position:var(--position);text-decoration:none;white-space:pre">Common</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:22.5pt;width:45pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:11.45pt;position:var(--position);text-decoration:none;white-space:pre"> Preferred</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:22.5pt;width:45pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:13.34pt;position:var(--position);text-decoration:none;white-space:pre">Common</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:22.5pt;width:45pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:11.45pt;position:var(--position);text-decoration:none;white-space:pre"> Preferred</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:219.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary operating companies</span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:23.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:3.06pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gallop Oncology, Inc. (Indirectly Held through </span></div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">PureTech LYT)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:54.019999999999996pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">  1, 2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:45pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:19.11pt;position:var(--position)"></span><span style="left:19.11pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:45pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:45pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:45pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:45pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:28.68pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:45pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:28.68pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Entrega, Inc. (indirectly held through Enlight)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:168.44000000000003pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:68.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:68.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:24.14pt;position:var(--position)"></span><span style="left:24.14pt;position:var(--position)">77.3<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:68.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:68.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">77.3<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:68.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:68.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">77.3<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">PureTech LYT, Inc. (formerly Ariya Therapeutics, Inc.)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:197.06pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:199.93pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:81pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:81pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:19.11pt;position:var(--position)"></span><span style="left:19.11pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:81pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:81pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:81pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:81pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">PureTech LYT 100, Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:84.92pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:93.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:93.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:19.11pt;position:var(--position)"></span><span style="left:19.11pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:93.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:93.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:93.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:93.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:106.5pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">PureTech Management, Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:105.97pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">3</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:106.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:19.11pt;position:var(--position)"></span><span style="left:19.11pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:106.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:106.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:106.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:106.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:106.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:119.25pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">PureTech Health LLC</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:79.36pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">3</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:119.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:19.11pt;position:var(--position)"></span><span style="left:19.11pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:119.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:119.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:119.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:119.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:119.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.56pt;width:219.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidated former subsidiary </span></div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:219.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">operating companies</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:153.75pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Sonde Health, Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:69.17pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 4, 6</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:153.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:153.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:24.14pt;position:var(--position)"></span><span style="left:24.14pt;position:var(--position)">40.2<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:153.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:153.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">40.2<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:153.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:153.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">40.2<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:166.5pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Akili Interactive Labs, Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:94.95pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 5, 6</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:166.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:166.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:166.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:166.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:166.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">14.6<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:166.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:179.25pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gelesis, Inc. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:47.3pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 8</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:179.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:179.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:179.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:179.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:179.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:179.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:190.5pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Seaport Therapeutics, Inc. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:100.63pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">1,</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:104.92999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:107.14pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2,</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:111.44pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:113.64999999999999pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">4, 6</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:190.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:29.17pt;position:var(--position)"></span><span style="left:29.17pt;position:var(--position)">0.8<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:190.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:24.14pt;position:var(--position)"></span><span style="left:24.14pt;position:var(--position)">42.1<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:190.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:30.99pt;position:var(--position)"></span><span style="left:30.99pt;position:var(--position)">0.8<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:190.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">42.1<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:190.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:28.68pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:190.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:28.68pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:201.75pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">SPTX, Inc. (held Indirectly through Seaport) </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:163.89000000000001pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">1,</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:168.19000000000003pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:170.4pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2,</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:174.70000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:176.91000000000003pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">4, 6</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:201.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:29.17pt;position:var(--position)"></span><span style="left:29.17pt;position:var(--position)">0.8<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:201.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:24.14pt;position:var(--position)"></span><span style="left:24.14pt;position:var(--position)">42.1<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:201.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:30.99pt;position:var(--position)"></span><span style="left:30.99pt;position:var(--position)">0.8<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:201.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">42.1<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:201.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:28.68pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:201.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:28.68pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:213pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Karuna Therapeutics, Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:94.96pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 5 , 6</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:213pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:213pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:213pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:213pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:213pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:30.99pt;position:var(--position)"></span><span style="left:30.99pt;position:var(--position)">2.3<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:213pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:225pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Vedanta Biosciences, Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:95.28pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 4, 6</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:225pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:29.17pt;position:var(--position)"></span><span style="left:29.17pt;position:var(--position)">0.2<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:225pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:29.17pt;position:var(--position)"></span><span style="left:29.17pt;position:var(--position)">4.8<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:225pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:225pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">46.9<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:225pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:225pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">47.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:23.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:237.75pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:3.06pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Vedanta Biosciences Securities Corp. (indirectly held </span></div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">through Vedanta)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:65.87pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 4, 6</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:237.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:29.17pt;position:var(--position)"></span><span style="left:29.17pt;position:var(--position)">0.2<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:237.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:29.17pt;position:var(--position)"></span><span style="left:29.17pt;position:var(--position)">4.8<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:237.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:237.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">46.9<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:237.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:237.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">47.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:261pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Vor Biopharma Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:71.86pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 5, 6</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:261pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:261pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:261pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:30.99pt;position:var(--position)"></span><span style="left:30.99pt;position:var(--position)">2.1<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:261pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:261pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:30.99pt;position:var(--position)"></span><span style="left:30.99pt;position:var(--position)">3.9<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:261pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:272.25pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Non-trading holding companies</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:285pt;width:219.75pt"><div><div style="line-height:8.4pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:2.86pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.4pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre;width:195.85pt">Endra Holdings, LLC (held indirectly through Enlight)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.460000000000001pt;font-style:normal;font-weight:normal;left:195.93pt;position:var(--position);text-decoration:none;top:-2.2224999999999997pt;vertical-align:super;white-space:pre;width:2.83pt">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:285pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:24.14pt;position:var(--position)"></span><span style="left:24.14pt;position:var(--position)">86.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:285pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:285pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">86.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:285pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:285pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">86.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:285pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:297.75pt;width:219.75pt"><div><div style="line-height:8.4pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:2.86pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.4pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre;width:194.61pt">Ensof Holdings, LLC (held indirectly through Enlight)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.460000000000001pt;font-style:normal;font-weight:normal;left:194.69000000000003pt;position:var(--position);text-decoration:none;top:-2.2224999999999997pt;vertical-align:super;white-space:pre;width:8.48pt">2, 7</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:297.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:297.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:297.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:297.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:297.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">86.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:297.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:310.5pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">PureTech Securities Corp.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:97.6pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:310.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:19.11pt;position:var(--position)"></span><span style="left:19.11pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:310.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:310.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:310.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:310.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:310.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:323.25pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">PureTech Securities II Corp.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:104.23pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:323.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:19.11pt;position:var(--position)"></span><span style="left:19.11pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:323.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:323.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:323.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:323.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:323.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:336pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:219.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Inactive subsidiaries</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:347.25pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Alivio Therapeutics, Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:89.59pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:347.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:347.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:19.11pt;position:var(--position)"></span><span style="left:19.11pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:347.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:347.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:347.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:347.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:358.5pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Appeering, Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:58.14pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 7</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:358.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:358.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:358.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:358.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:358.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:358.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:370.5pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Commense Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:58.79pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 7</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:370.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:370.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:370.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:370.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:370.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:370.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">99.1<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:383.25pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Enlight Biosciences, LLC</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:91.8pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:24.14pt;position:var(--position)"></span><span style="left:24.14pt;position:var(--position)">86.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">86.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">86.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:396pt;width:219.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.26pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Ensof Biosystems, Inc. (held indirectly through Enlight)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:191.78pt;position:var(--position);text-decoration:none;top:-2.114pt;vertical-align:super;white-space:pre">2, 7</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:396pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:396pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:396pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:396pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:396pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">57.7<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:396pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">28.3<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:408.75pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Follica, LLC </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:45.559999999999995pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:408.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:24.14pt;position:var(--position)"></span><span style="left:24.14pt;position:var(--position)">28.7<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:408.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:24.14pt;position:var(--position)"></span><span style="left:24.14pt;position:var(--position)">56.7<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:408.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">28.7<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:408.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">56.7<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:408.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">28.7<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:408.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">56.7<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:421.5pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Knode Inc. (indirectly held through Enlight)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:161.35000000000002pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 7</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:421.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:421.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:421.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:421.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:421.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:421.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">86.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:434.25pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Libra Biosciences, Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:82.67999999999999pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 7</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:434.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:434.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:434.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:434.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:434.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:434.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:447pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Mandara Sciences, LLC</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:87.41pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 7</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:447pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:447pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:447pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:447pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:447pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">98.3<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:447pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:459.75pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tal Medical, LLC.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:64.75pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 7</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:459.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:459.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:459.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:459.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:459.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:459.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:592.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">1<span style="display:inline-block;height:4.53pt;width:8.22pt"></span></span><span style="left:68.03pt;position:var(--position)">In January 2024, the Group launched two new Founded Entities (Seaport Therapeutics and Gallop Oncology) to advance certain programs from the Wholly-Owned programs segment.</span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:601.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">2<span style="display:inline-block;height:4.53pt;width:8.22pt"></span></span><span style="left:68.03pt;position:var(--position)">Registered address is Corporation Trust Center, 1209 Orange St., Wilmington, DE 19801, USA.</span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:610.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">3<span style="display:inline-block;height:4.53pt;width:8.22pt"></span></span><span style="left:68.03pt;position:var(--position)">Registered address is 2711 Centerville Rd., Suite 400, Wilmington, DE 19808, USA.</span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:619.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">4<span style="display:inline-block;height:4.53pt;width:8.22pt"></span></span><span style="left:68.03pt;position:var(--position)">On October 18, 2024, the Group lost control over Seaport. On March 1, 2023, the Group lost control over Vedanta. On May 25, 2022, the Group lost control over Sonde. Seaport, </span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:626.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Vedanta and Sonde were deconsolidated from the Group’s financial statements, resulting in only the profits and losses generated by these entities through the deconsolidation date </span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:633.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">being included in the Group’s Consolidated Statement of Comprehensive Income/(Loss). See Notes </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:335.02pt;position:var(--position);text-decoration:none;white-space:pre">8. Gain/(loss) on Deconsolidation of Subsidiary</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:458.6pt;position:var(--position);text-decoration:none;white-space:pre">,  </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:463.28pt;position:var(--position);text-decoration:none;white-space:pre">5. Investments Held at Fair Value</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:550.09pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:640.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">and  </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:81.25pt;position:var(--position);text-decoration:none;white-space:pre">6. Investments in Associates</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:155.29000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> for further details about the accounting for the investments in these entities subsequent to deconsolidation.</span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:649.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">5<span style="display:inline-block;height:4.53pt;width:8.22pt"></span></span><span style="left:68.03pt;position:var(--position)">The Group's investments in Akili and Karuna were disposed of in 2024. The Group's investments in Vor were disposed of in 2025.</span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:658.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">6<span style="display:inline-block;height:4.53pt;width:8.22pt"></span></span><span style="left:68.03pt;position:var(--position)">See Notes </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:97.22999999999999pt;position:var(--position);text-decoration:none;white-space:pre">5. Investments Held at Fair Value</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:184.04pt;position:var(--position);text-decoration:none;white-space:pre"> for additional discussion on the Group's investment held in these entities.</span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:666.76pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">7<span style="display:inline-block;height:4.53pt;width:8.22pt"></span></span><span style="left:68.03pt;position:var(--position)">Inactive subsidiary dissolved in November 2024.</span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:675.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">8<span style="display:inline-block;height:4.53pt;width:8.22pt"></span></span><span style="left:68.03pt;position:var(--position)">On October 30, 2023, Gelesis ceased operations and filed a voluntary petition for relief under the United States bankruptcy code.</span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:692.86pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Change in Subsidiary Ownership and Loss of Control </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:703.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Changes in the Group’s interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:720.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Where the Group loses control of a subsidiary, the assets and liabilities are derecognized along with any related non-controlling </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:730.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">interest. Any interest retained in the former subsidiary is measured at fair value when control is lost. Any resulting gain or loss is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:740.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">recognized as profit or loss in the Consolidated Statement of Comprehensive Income/(Loss).</span></div></div><div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Material Accounting Policies continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Associates </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">As used in the Consolidated Financial Statements, the term associates are those entities in which the Group has no control but </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">maintains significant influence over the financial and operating policies. Significant influence is presumed to exist when the Group </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">holds between 20 and 50 percent of the voting power of an entity, unless it can be clearly demonstrated that this is not the case. The </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Group evaluates if it maintains significant influence over associates by assessing if the Group has the power to participate in the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:157.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">financial and operating policy decisions of the associate.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:175.66pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Application of the Equity Method to Associates </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Associates are accounted for using the equity method (equity accounted investees) and are initially recognized at cost, or if </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">recognized upon deconsolidation, they are initially recorded at fair value at the date of deconsolidation. The Consolidated Financial </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:205.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Statements include the Group’s share of the total comprehensive income or loss of equity accounted investees, from the date that </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:215.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">significant influence commences until the date that significant influence ceases. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:233.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">To the extent the Group holds interests in associates that are not providing access to returns underlying ownership interests, the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:243.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">instrument is accounted for in accordance with IFRS 9 as investments held at fair value.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:261.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">When the Group’s share of losses exceeds its equity method investment in the investee, losses are applied against long-term </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:271.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">interests, which are investments accounted for under IFRS 9. Investments are determined to be long-term interests when they are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:281.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">long-term in nature and in substance they form part of the Group's net investment in that associate. This determination is impacted </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:291.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">by many factors, among others, whether settlement by the investee through redemption or repayment is planned or likely in the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:301.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">foreseeable future, whether the investment can be converted and/or is likely to be converted to common stock or other equity </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:311.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">instrument and other factors regarding the nature of the investment. Whilst this assessment is dependent on many specific facts and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:321.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">circumstances of each investment, typically conversion features whereby the investment is likely to convert to common stock or other </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:331.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">equity instruments would point to the investment being a long-term interest. Similarly, where the investment is not planned or likely </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:341.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">to be settled through redemption or repayment in the foreseeable future, this would indicate that the investment is a long-term </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:351.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">interest. When the net investment in the associate, which includes the Group’s investments in other long-term interests, is reduced </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:361.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">to nil, recognition of further losses is discontinued except to the extent that the Group has incurred legal or constructive obligations </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:371.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">or made payments on behalf of an investee.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:389.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group has adopted the amendments to IAS 28 that addresses the dual application of IAS 28 and IFRS 9 when equity method </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:399.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">losses are applied against long-term interests. The amendments provide the annual sequence in which both standards are to be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:409.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">applied in such a case. The Group has applied the equity method losses to the long-term interests presented as part of Investments </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:419.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">held at fair value subsequent to remeasuring such investments to their fair value at the balance sheet date.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:436.86pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Sale of Future Royalties Liability</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:447.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">The Group accounts for the sale of future royalties liability as a financial liability, as it continues to hold the rights under the royalty </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:457.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">bearing licensing agreement and has a contractual obligation to deliver cash to an investor for a portion of the royalty it receives. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:467.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Interest on the sale of future royalties liability is recognized using the effective interest rate over the life of the related royalty stream.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:484.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The sale of future royalties liability and the related interest expense are based on the Group’s current estimates of future royalties </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:494.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">expected to be paid over the life of the arrangement. Forecasts are updated periodically as new data is obtained. Any increases, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:504.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">decreases or a shift in timing of estimated cash flows require the Group to re-calculate the amortized cost of the sale of future </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:514.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">royalties liability as the present value of the estimated future contractual cash flows that are discounted at the liability’s original </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:524.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">effective interest rate. The adjustment is recognized immediately in profit or loss as income or expense.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:542.66pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Financial Instruments </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:552.86pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Classification </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:563.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group classifies its financial assets in the following measurement categories:</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:580.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Those to be measured subsequently at fair value either through other comprehensive income "FVOCI", or through profit or loss </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:590.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">"FVTPL", and</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:600.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Those to be measured at amortized cost.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:618.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">The classification depends on the Group’s business model for managing the financial assets and the contractual terms of the cash flows.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:636.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">For assets measured at fair value, gains and losses are recorded in profit or loss. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:654.26pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Measurement </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:664.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a financial asset not at FVTPL, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:674.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets that are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:684.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">carried at FVTPL are expensed.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:702.26pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Impairment </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:712.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group assesses on a forward-looking basis the expected credit losses associated with its debt instruments carried at amortized </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:722.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">cost. For trade receivables, the Group applies the simplified approach permitted by IFRS 9, which requires expected lifetime losses </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:732.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">to be recognized from initial recognition of the receivables.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:750.26pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Financial Assets </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:760.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group’s financial assets consist of cash and cash equivalents, investments in debt securities, trade and other receivables, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:770.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">investments in notes from associates, restricted cash deposits and investments in equity securities. The Group’s financial assets are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:780.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">virtually all classified into the following categories: investments held at fair value, investments in notes from associates, trade and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:790.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">other receivables, short-term investments and cash and cash equivalents. The Group determines the classification of financial assets </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:800.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">at initial recognition depending on the purpose for which the financial assets were acquired.</span></div></div><div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Material Accounting Policies continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Investments held at fair value are investments in equity instruments. Such investments consist of the Group's minority interest </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">holdings where the Group has no significant influence or preferred share investments that are not providing access to returns </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">underlying ownership interests and are categorized as debt instruments that are presented at fair value through profit and loss </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">because the amounts receivable do not represent solely payments of principal and interest. These financial assets are initially </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">measured at fair value and subsequently re-measured at fair value at each reporting date. The Group has elected to record the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:157.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">changes in fair values for the financial assets falling under this category through profit and loss. Please refer to Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:492.55pt;position:var(--position);text-decoration:none;white-space:pre">5. Investments </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:167.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Held at Fair Value</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:123.57pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Changes in the fair value of financial assets at FVTPL are recognized in other income/(expense) in the Consolidated Statement of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Comprehensive Income/(Loss) as applicable. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:213.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The investments in notes from associates, since their contractual terms do not consist solely of cash flow payments of principal and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:223.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">interest on the principal amount outstanding, are initially and subsequently measured at fair value, with changes in fair value </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:233.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">recognized through profit and loss.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:251.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents consist of demand deposits with banks and other financial institutions and highly liquid instruments with </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:261.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">original maturities of three months or less at the date of purchase. Cash and cash equivalents are carried at cost, which </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:271.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">approximates their fair value.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:288.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Short-term investments consist of short-term US treasury bills that are held to maturity. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:383.67pt;position:var(--position);text-decoration:none;white-space:pre">The contractual terms consist</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:493.79pt;position:var(--position);text-decoration:none;white-space:pre"> solely of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:298.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">payment of the principal and interest and the Group's business model is to hold the treasury bills to maturity. As such, such short-</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:308.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">term investments are recorded at amortized cost. As of the balance sheet date, amortized cost approximated the fair value of such </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:318.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">short-term investments.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:336.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other receivables are non-derivative financial assets with fixed and determinable payments that are not quoted on active </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:346.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">markets. These financial assets are carried at the amounts expected to be received less any expected lifetime losses. Such losses are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:356.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">determined taking into account previous experience, credit rating and economic stability of counterparty and economic conditions. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:366.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">When a trade receivable is determined to be uncollectible, it is written off against the available provision. As of the balance sheet </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:376.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">date, the Group did not record any such expected lifetime losses related to the outstanding trade and other receivable balances. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:386.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other receivables are included in current assets, unless maturities are greater than 12 months after the end of the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:396.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">reporting period.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:414.46pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Financial Liabilities </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:424.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group’s financial liabilities primarily consist of trade and other payables, and preferred shares. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:442.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The majority of the Group’s subsidiaries have preferred shares and certain notes payable with embedded derivatives, which are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:452.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">classified as current liabilities. When the Group has preferred shares and notes with embedded derivatives that qualify for </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:462.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">bifurcation, the Group has elected to account for the entire instrument as FVTPL after determining under IFRS 9 that the instrument </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:472.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">qualifies to be accounted for under such FVTPL method.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:490.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group derecognizes a financial liability when its contractual obligations are discharged, cancelled or expire.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:508.06pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Equity Instruments Issued by the Group </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:518.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Financial instruments issued by the Group are treated as equity only to the extent that they meet the following two conditions, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:528.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">in accordance with IAS 32:</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:546.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">1</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">They include no contractual obligations upon the Group to deliver cash or other financial assets or to exchange financial assets </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:556.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">or financial liabilities with another party under conditions that are potentially unfavorable to the Group; and</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:566.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">2</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Where the instrument will or may be settled in the Group’s own equity instruments, it is either a non-derivative that includes no </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:576.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">obligation to deliver a variable number of the Group’s own equity instruments or is a derivative that will be settled by the Group </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:586.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:603.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">To the extent that this definition is not met, the financial instrument is classified as a financial liability. Where the instrument so </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:613.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">classified takes the legal form of the Group’s own shares, the amounts presented in the Group's shareholders' equity exclude </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:623.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">amounts in relation to those shares.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:641.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Changes in the fair value of liabilities at FVTPL are recognized in net finance income/(costs) in the Consolidated Statement of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:651.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Comprehensive Income/(Loss) as applicable. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:669.46pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">IFRS 15, Revenue from Contracts with Customers </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:679.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The standard establishes a five-step principle-based approach for revenue recognition and is based on the concept of recognizing </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:689.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">an amount that reflects the consideration for performance obligations only when they are satisfied, and the control of goods or </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:699.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">services is transferred.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:717.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The majority of the Group’s contract revenue is generated from licenses and services, some of which are part of collaboration </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:727.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">arrangements. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:745.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Management reviewed contracts where the Group received consideration in order to determine whether or not they should be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:755.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">accounted for in accordance with IFRS 15. To date, the Group has entered into transactions that generate revenue and meet the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:765.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">scope of either IFRS 15 or IAS 20 Accounting for Government Grants. Contract revenue is recognized at either a point-in-time or </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:775.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">over time, depending on the nature of the performance obligations.</span></div></div><div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Material Accounting Policies continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group accounts for agreements that meet the definition of IFRS 15 by applying the following five step model:</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:125.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Identify the contract(s) with a customer – A contract with a customer exists when (i) the Group enters into an enforceable contract </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:135.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">with a customer that defines each party’s rights regarding the goods or services to be transferred and identifies the payment </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:145.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">terms related to those goods or services, (ii) the contract has commercial substance and, (iii) the Group determines that collection </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:155.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">of substantially all consideration for goods or services that are transferred is probable based on the customer’s intent and ability </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:165.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">to pay the promised consideration.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:175.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Identify the performance obligations in the contract – Performance obligations promised in a contract are identified based on the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">goods or services that will be transferred to the customer that are both capable of being distinct, whereby the customer can </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">benefit from the good or service either on its own or together with other resources that are readily available from third parties or </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:205.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">from the Group, and are distinct in the context of the contract, whereby the transfer of the goods or services is separately </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:215.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">identifiable from other promises in the contract.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:225.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Determine the transaction price – The transaction price is determined based on the consideration to which the Group will be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:235.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">entitled in exchange for transferring goods or services to the customer. To the extent the transaction price includes variable </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:245.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">consideration, the Group estimates the amount of variable consideration that should be included in the transaction price utilizing </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:255.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">either the expected value method or the most likely amount method depending on the nature of the variable consideration. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:265.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Variable consideration is included in the transaction price if, in the Group’s judgement, it is probable that a significant future </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:275.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">reversal of cumulative revenue under the contract will not occur. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:285.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Allocate the transaction price to the performance obligations in the contract – If the contract contains a single performance </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:295.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:305.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">performance obligations require an allocation of the transaction price to each performance obligation based on a relative </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:315.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">standalone selling price basis. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:325.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Recognize revenue when (or as) the Group satisfies a performance obligation – The Group satisfies performance obligations </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:335.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">either over time or at a point in time as discussed in further detail below. Revenue is recognized at the time the related </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:345.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">performance obligation is satisfied by transferring a promised good or service to a customer.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:363.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Revenue generated from services agreements (typically where licenses and related services were combined into one performance </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:373.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">obligation) is determined to be recognized over time when it can be determined that the services meet one of the following: (a) the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:383.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">customer simultaneously receives and consumes the benefits provided by the entity’s performance as the entity performs; (b) the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:393.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">entity’s performance creates or enhances an asset that the customer controls as the asset is created or enhanced; or (c) the entity’s </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:403.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">performance does not create an asset with an alternative use to the entity and the entity has an enforceable right to payment for </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:413.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">performance completed to date.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:431.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">It was determined that the Group has contracts that meet criteria (a), since the customer simultaneously receives and consumes the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:441.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">benefits provided by the Group’s performance as the Group performs. Therefore, revenue is recognized over time using the input </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:451.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">method based on costs incurred to date as compared to total contract costs. The Group believes that in research and development </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:461.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">service type agreements using costs incurred to date represents the most faithful depiction of the entity’s performance towards </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:471.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">complete satisfaction of a performance obligation.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:488.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Revenue from licenses that are not part of a combined performance obligation are recognized at a point in time. Such licenses relate </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:498.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">to intellectual property that has significant stand-alone functionality and as such represent a right to use the entity's intellectual </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:508.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">property as it exists at the point in time at which the license is granted.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:526.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Royalty revenue received in respect of licensing agreements when the license of intellectual property is the predominant item in the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:536.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">arrangement is recognized as the related third-party sales in the licensee occur.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:554.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Amounts that are receivable or have been received per contractual terms but have not been recognized as revenue since </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:564.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">performance has not yet occurred or has not yet been completed are recorded as deferred revenue. The Group classifies as non-</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:574.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">current deferred revenue amounts received for which performance is expected to occur beyond one year or one operating cycle.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:592.26pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Grant Revenue</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:602.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group recognizes grants from governmental agencies as grant revenue in the Consolidated Statement of Comprehensive </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:612.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Income/(Loss), gross of the expenditures that were related to obtaining the grant, when there is reasonable assurance that the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:622.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Group will comply with the conditions within the grant agreement and there is reasonable assurance that payments under the grants </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:632.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">will be received. The Group evaluates the conditions of each grant as of each reporting date to ensure that the Group has </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:642.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">reasonable assurance of meeting the conditions of each grant arrangement and that it is expected that the grant payment will be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:652.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">received as a result of meeting the necessary conditions.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:670.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group submits qualifying expenses for reimbursement after the Group has incurred the research and development expense. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:680.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group records an unbilled receivable upon incurring such expenses. In cases in which the grant revenue is received prior to the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:690.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">expenses being incurred or recognized, the amounts received are deferred until the related expense is incurred and/or recognized. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:700.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Grant revenue is recognized in the Consolidated Statement of Comprehensive Income/(Loss) at the time in which the Group </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:710.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">recognizes the related reimbursable expense for which the grant is intended to compensate.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:728.06pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Functional and Presentation Currency </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:738.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Consolidated Financial Statements are presented in United States dollars (“US dollars”). The functional currency of all members </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:748.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">of the Group is the U.S. dollar. The Group's share in foreign exchange differences in associates were reported in other </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:758.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">comprehensive income/(loss).</span></div></div><div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Material Accounting Policies continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Foreign Currency </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Transactions in foreign currencies are translated to the respective functional currencies of Group entities at the foreign exchange rate </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">retranslated to the functional currency at the foreign exchange rate ruling at that date. Foreign exchange differences arising on </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">remeasurement are recognized in the Consolidated Statement of Comprehensive Income/(Loss). Non-monetary assets and liabilities </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:157.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:175.46pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Share Capital </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Ordinary shares are classified as equity. The Group's equity is comprised of share capital, share premium, merger reserve, other </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">reserve, translation reserve, and retained earnings/accumulated deficit.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:213.46pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Treasury Shares</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:223.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Treasury shares acquired as a result of repurchasing shares are recognized at cost and are deducted from shareholders' equity. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:233.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">No gain or loss is recognized in profit and loss for the purchase, sale, re-issue or cancellation of the Group's own equity shares. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:243.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The nominal value related to shares that are repurchased and cancelled are reduced from share capital and transferred to a capital </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:253.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">redemption reserve.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:271.46pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Property and Equipment </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:281.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Property and equipment is stated at cost less accumulated depreciation and any accumulated impairment losses. Cost includes </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:291.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">expenditures that are directly attributable to the acquisition of the asset. Assets under construction represent leasehold improvements </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:301.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">and machinery and equipment to be used in operations or research and development activities. When parts of an item of property and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:311.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">equipment have different useful lives, they are accounted for as separate items (major components) of property and equipment.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:527.1pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:321.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Depreciation is calculated using the straight-line method over the estimated useful life of the related asset: </span></div><div style="position:var(--position);top:339.46pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:240pt"></td><td style="padding:0;width:255pt"></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:240pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:240pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Laboratory and manufacturing equipment</span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);width:255pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:255pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">2</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:4.5pt;position:var(--position);text-decoration:none;white-space:pre">-</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:7.33pt;position:var(--position);text-decoration:none;white-space:pre">8</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:11.75pt;position:var(--position);text-decoration:none;white-space:pre"> years</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:11.25pt;width:240pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:240pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Furniture and fixtures</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);top:11.25pt;width:255pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:255pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">7</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:4.5pt;position:var(--position);text-decoration:none;white-space:pre"> years</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:22.5pt;width:240pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:240pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Computer equipment and software</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);top:22.5pt;width:255pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:255pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:4.5pt;position:var(--position);text-decoration:none;white-space:pre">-</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:7.33pt;position:var(--position);text-decoration:none;white-space:pre">5</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:11.75pt;position:var(--position);text-decoration:none;white-space:pre"> years</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:240pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:240pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Leasehold improvements</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);top:33.75pt;width:255pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:255pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">5</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:4.5pt;position:var(--position);text-decoration:none;white-space:pre">-</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:7.33pt;position:var(--position);text-decoration:none;white-space:pre">10</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:16.169999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> years, or the remaining term of the lease, if shorter</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:394.71pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation methods, useful lives and residual values are reviewed at each balance sheet date.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:412.51pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Intangible Assets </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:422.71pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Intangible assets, which include purchased patents and licenses with finite useful lives, are carried at historical cost less accumulated </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:432.71pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">amortization, if amortization has commenced. Intangible assets with finite lives are amortized from the time they are available for </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:442.71pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">their intended use. Amortization is calculated using the straight-line method to allocate the costs of patents and licenses over their </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:452.71pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">estimated useful lives.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:139.6pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:470.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Research and development intangible assets, which are still under development and have accordingly not yet obtained marketing </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:480.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">approval, are presented as In-Process Research and Development (IPR&amp;D). The cost of IPR&amp;D represents upfront payments as well </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:490.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">as additional contingent payments based on development, regulatory and sales milestones related to certain license agreement </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:500.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">where the Group licenses IP from a third party. These milestones are capitalized as the milestone is triggered. See Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:508.01pt;position:var(--position);text-decoration:none;white-space:pre">25. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:510.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Commitments and Contingencies</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:183.35pt;position:var(--position);text-decoration:none;white-space:pre">. IPR&amp;D is not amortized since it is not yet available for its intended use, but it is evaluated for </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:520.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">potential impairment on an annual basis or more frequently when facts and circumstances warrant.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:538.31pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Impairment of Non-Financial Assets </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:548.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group reviews the carrying amounts of its property and equipment and intangible assets at each reporting date to determine </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:558.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">whether there are indicators of impairment. If any such indicators of impairment exist, then an asset’s recoverable amount is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:568.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">estimated. The recoverable amount is the higher of an asset’s fair value less cost of disposal and value in use.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:586.31pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">The Group’s IPR&amp;D intangible assets are not yet available for their intended use. As such, they are tested for impairment at least annually. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:604.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">An impairment loss is recognized when an asset’s carrying amount exceeds its recoverable amount. For the purposes of impairment </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:614.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">testing, assets are grouped at the lowest levels for which there are largely independent cash flows. If a non-financial asset instrument </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:624.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">is impaired, an impairment loss is recognized in the Consolidated Statement of Comprehensive Income/(Loss).</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:641.91pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Investments in associates are considered impaired if, and only if, objective evidence indicates that one or more events, which </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:651.91pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">occurred after the initial recognition, have had an impact on the future cash flows from the net investment and that impact can be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:661.91pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">reliably estimated. If an impairment exists, the Group measures an impairment by comparing the carrying value of the net </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:671.91pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">investment in the associate to its recoverable amount and recording any excess as an impairment loss. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:689.71pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Employee Benefits </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:699.91pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Short-Term Employee Benefits </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:710.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Short-term employee benefit obligations are measured on an undiscounted basis and expensed as the related service is provided. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:720.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">A liability is recognized for the amount expected to be paid if the Group has a present legal or constructive obligation due to past </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:730.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">service provided by the employee, and the obligation can be estimated reliably.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:747.91pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Defined Contribution Plans </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:758.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate entity </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:768.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and has no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution plans are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:778.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">recognized as an employee benefit expense in the periods during which related services are rendered by employees. </span></div></div><div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Material Accounting Policies continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Share-based Payments </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Share-based payment arrangements, in which the Group receives goods or services as consideration for its own equity instruments, are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">accounted for as equity-settled share-based payment transactions (except certain restricted stock units – see below) in accordance with </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">IFRS 2. The grant date fair value of employee share-based payment awards is recognized as an expense with a corresponding increase </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">in equity over the requisite service period related to the awards. The amount recognized as an expense is adjusted to reflect the actual </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:157.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">number of awards for which the related service and non-market performance conditions are expected to be met, such that the amount </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:167.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">ultimately recognized as an expense is based on the number of awards that do meet the related service and non-market performance </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:177.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">conditions at the vesting date. For share-based payment awards with market conditions, the grant date fair value is measured to reflect </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:187.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">such conditions and there is no true-up for differences between expected and actual outcomes.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:205.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Certain restricted stock units are treated as liability settled awards as the Group has a historical practice of settling these awards in </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:214.98pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">cash. Such awards are remeasured at every reporting date until settlement date and are recognized as compensation expense over </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:224.5pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the requisite service period. Differences in remeasurement are recognized in profit and loss. The cumulative cost that will ultimately </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:234.02pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">be recognized in respect of these awards will equal to the amount at settlement. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:249.54pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The fair value of the awards is measured using option pricing models and other appropriate models, which take into account the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:259.54pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">terms and conditions of the awards granted. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:275.54pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Development Costs </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:285.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.015em;position:var(--position);text-decoration:none;white-space:pre">Expenditures on research activities are recognized as incurred in the Consolidated Statement of Comprehensive Income/(Loss). In </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:295.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.015em;position:var(--position);text-decoration:none;white-space:pre">accordance with IAS 38, development costs are capitalized only if the expenditure can be measured reliably, the product or process is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:305.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.015em;position:var(--position);text-decoration:none;white-space:pre">technically and commercially feasible, future economic benefits are probable, the Group can demonstrate its ability to use or sell the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:315.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.015em;position:var(--position);text-decoration:none;white-space:pre">intangible asset, the Group intends to and has sufficient resources to complete development and to use or sell the asset, and it is able to </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:325.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.015em;position:var(--position);text-decoration:none;white-space:pre">measure reliably the expenditure attributable to the intangible asset during its development. The point at which technical feasibility is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:335.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.015em;position:var(--position);text-decoration:none;white-space:pre">determined to have been reached is, generally, when regulatory approval has been received where applicable. Management determines </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:345.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.015em;position:var(--position);text-decoration:none;white-space:pre">that commercial viability has been reached when a clear market and pricing point have been identified, which may coincide with </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:355.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.015em;position:var(--position);text-decoration:none;white-space:pre">achieving meaningful recurring sales. Otherwise, the development expenditure is recognized as incurred in the Consolidated Statement </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:365.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.015em;position:var(--position);text-decoration:none;white-space:pre">of Comprehensive Income/(Loss). As of the balance sheet date, the Group has not capitalized any development costs.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:383.54pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Provisions </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:393.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">A provision is recognized in the Consolidated Statement of Financial Position when the Group has a present legal or constructive </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:403.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">obligation due to a past event that can be reliably measured, and it is probable that an outflow of economic benefits will be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:413.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:423.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">reflects risks specific to the liability.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:441.54pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Leases</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:451.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">The Group’s leases are virtually all leases of real estate for use in operations. The Group includes options that are reasonably certain to </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:461.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">be exercised as part of the determination of the lease term. The group determines if an arrangement is a lease at inception of the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:471.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">contract in accordance with guidance detailed in IFRS 16. Right-of-use ("ROU") assets represent the Group’s right to use an underlying </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:481.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">asset for the lease term and lease liabilities represent the Group's obligation to make lease payments arising from the lease. Operating </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:491.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">lease ROU assets and lease liabilities are recognized at commencement date based on the present value of the lease payments over </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:501.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">the lease term. As most of the Group's leases do not provide an implicit rate, the Group used its estimated incremental borrowing rate, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:511.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">based on information available at commencement date, in determining the present value of future payments. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:529.54pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group has elected to account for lease payments as an expense on a straight-line basis over the life of the lease for: </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:547.34pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Leases with a term of 12 months or less and containing no purchase options; and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:557.34pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Leases where the underlying asset has a value of less than </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:270.43pt;position:var(--position);text-decoration:none;white-space:pre">$5,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:294.74pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:575.14pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The right-of-use asset is depreciated on a straight-line basis and the related lease liability gives rise to an interest charge. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:592.94pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Finance Income and Finance Costs </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:603.14pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Finance income consists of interest income on funds invested in money market funds and U.S. treasuries</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:430.54pt;position:var(--position);text-decoration:none;white-space:pre">. Finance income is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:613.14pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">recognized as it is earned. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:140.25pt;position:var(--position);text-decoration:none;white-space:pre">Finance costs consist mainly of loan, notes and lease liability interest expenses, interest expense due to </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:623.14pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">accretion of and adjustment to sale of future royalties liability as well as the changes in the fair value of financial liabilities carried at </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:633.14pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">FVTPL (such changes can consist of finance income when the fair value of such financial liabilities decrease).</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:650.94pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Taxation </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:661.14pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Tax on the profit or loss for the year comprises current and deferred income tax. In accordance with IAS 12, tax is recognized in the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:671.14pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated Statement of Comprehensive Income/(Loss) except to the extent that it relates to items recognized directly in equity.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:688.94pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Current income tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:698.94pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">substantially enacted at the reporting date, and any adjustment to tax payable in respect of previous years.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:716.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax is recognized due to temporary differences between the carrying amounts of assets and liabilities for financial reporting </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:726.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">purposes and the amounts used for taxation purposes. Deferred tax assets are recognized for unused tax losses, unused tax credits </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:736.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:746.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">can be used. Deferred tax assets with respect to investments in associates are recognized only to the extent that it is probable the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:756.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">temporary difference will reverse in the foreseeable future and taxable profit will be available against which the temporary difference </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:766.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">can be utilized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:776.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">that the related tax benefit will be realized.</span></div></div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Material Accounting Policies continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">rates enacted or substantively enacted at the reporting date.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:135.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Deferred income tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:145.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">tax liabilities and when the deferred income tax assets and liabilities relate to income taxes levied by the same taxation authority on </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:155.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">either the same taxable entity or different taxable entities where there is an intention to settle the balances on a net basis.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:173.26pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value Measurements </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:183.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group’s accounting policies require that certain financial assets and certain financial liabilities be measured at their fair value.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:201.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:211.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. Fair values are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:221.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows:</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:239.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:249.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:259.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">(i.e. as prices) or indirectly (i.e. derived from prices).</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:269.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:286.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group recognizes transfers between levels of the fair value hierarchy at the end of the reporting period during which the change </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:296.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">has occurred.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:314.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The carrying amount of cash and cash equivalents, accounts receivable, restricted cash, deposits, accounts payable, accrued </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:324.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">expenses and other current liabilities in the Group’s Consolidated Statement of Financial Position approximates their fair value </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:334.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">because of the short maturities of these instruments.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:254.02pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:352.46pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Operating Segments </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:362.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Operating segments are reported in a manner that is consistent with the internal reporting provided to the chief operating decision </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:372.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">maker (“CODM”). The CODM reviews discrete financial information for the operating segments in order to assess their performance </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:382.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and is responsible for making decisions about resources allocated to the segments. The CODM has been identified as the Group’s </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:392.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Board of Directors.</span></div> <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Basis of Presentation</span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:272.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The consolidated financial statements of the Group (the "Consolidated Financial Statements") are presented as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:488.04pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:282.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:74.37pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:93.11pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:110.78999999999999pt;position:var(--position);text-decoration:none;white-space:pre">, and for the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:158.81pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:205.07pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:207.28pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:280.22pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:284.64pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:302.32pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:321.06pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:338.74pt;position:var(--position);text-decoration:none;white-space:pre">. The Consolidated Financial Statements have been </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:292.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">approved by the Directors on </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:169.67000000000002pt;position:var(--position);text-decoration:none;white-space:pre">April 29, 2026</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:220.74pt;position:var(--position);text-decoration:none;white-space:pre">, and are prepared in accordance with IFRS Accounting Standards as issued by the the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:302.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">International Accounting Standards Board ("IASB").</span></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">For presentation of the Consolidated Statement of Comprehensive Income/(Loss), the Group uses a classification based on the </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:330.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">function of expenses, rather than based on their nature, as it is more representative of the format used for internal reporting and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:340.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">management purposes and is consistent with international practice.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:357.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Certain amounts in the Consolidated Financial Statements and accompanying notes may not add due to rounding. All percentages </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:367.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">have been calculated using unrounded amounts.</span></div> <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Basis of Measurement </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:395.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Consolidated Financial Statements are prepared on the historical cost basis except that the following assets and liabilities are </span></div>stated at their fair value: investments held at fair value, investments in notes from associates and preferred share liabilities. <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Use of Judgments and Estimates </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:433.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">In preparing the Consolidated Financial Statements, management has made </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:346.26pt;position:var(--position);text-decoration:none;white-space:pre">judgments</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:386.53pt;position:var(--position);text-decoration:none;white-space:pre">, estimates and assumptions that affect the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:443.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">application of the Group’s accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:453.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">may differ from these estimates. Estimates and underlying assumptions are reviewed on an on-going basis.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:471.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Significant estimation is applied in determining the following:</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:489.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Financial instruments (see Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:188.41pt;position:var(--position);text-decoration:none;white-space:pre">19. Financial Instruments</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:281.12pt;position:var(--position);text-decoration:none;white-space:pre">): In accordance with IFRS 9, Financial Instruments ("IFRS 9"), the Group </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:499.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">carries certain financial assets and financial liabilities at fair value, with changes in fair value through profit and loss ("FVTPL"). </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:509.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Valuation of the aforementioned financial instruments includes determining the appropriate valuation methodology and making </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:519.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">certain estimates such as the equity value of an entity and the probability of entering into an initial public offering. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:537.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Significant judgement is also applied in determining the following:</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:555.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Whether financial instruments should be classified as liability or equity (see Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:371.84000000000003pt;position:var(--position);text-decoration:none;white-space:pre">17. Subsidiary Preferred Shares</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:488.45000000000005pt;position:var(--position);text-decoration:none;white-space:pre">). The judgement </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:565.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">includes an assessment of whether the financial instruments include contractual obligations of the Group to deliver cash or other </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:575.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">financial assets or to exchange financial assets or financial liabilities with another party, and whether those obligations could be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:585.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">settled by the Group exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:595.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Further information about these critical judgments and estimates is included below under Financial Instruments.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:605.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Whether the power to control investees exists (see Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:281.26pt;position:var(--position);text-decoration:none;white-space:pre">5. Investments Held at Fair Value</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:404.35pt;position:var(--position);text-decoration:none;white-space:pre">, Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:430.17999999999995pt;position:var(--position);text-decoration:none;white-space:pre">6. Investments in Associates</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:535.16pt;position:var(--position);text-decoration:none;white-space:pre"> and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:615.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Note </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:89.44pt;position:var(--position);text-decoration:none;white-space:pre">8. Gain/(loss) on Deconsolidation of Subsidiary</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:265.95pt;position:var(--position);text-decoration:none;white-space:pre"> and accounting policy with regard to Subsidiaries below). The judgement </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:625.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">includes an assessment of whether the Group has (i) power over the investee; (ii) exposure, or rights, to variable returns from its </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:635.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">involvement with the investee; and (iii) the ability to use its power over the investee to affect the amount of its own returns. The </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:645.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Group considers among others its voting shares, shareholder agreements, ability to appoint board members, representation on </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:655.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">the board, rights to appoint management, de facto control, and investee dependence on the Group. If the power to control the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:665.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">investee exists, it consolidates the financial statements of such investee in the Consolidated Financial Statements of the Group. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:675.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Upon issuance of new shares in an investee and/or a change in any shareholders or governance agreements, the Group </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:685.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">reassesses its ability to control the investee based on the revised voting interest, revised board composition and revised </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:695.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">subsidiary governance and management structure. When such new circumstances result in the Group losing its power to control </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:705.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">the investee, the investee is deconsolidated.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:715.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Whether the Group has significant influence over financial and operating policies of investees in order to determine if the Group </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:725.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">should account for its investment as an associate based on IAS 28 </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:316.40999999999997pt;position:var(--position);text-decoration:none;white-space:pre">Investments in Associates and Joint Ventures </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:487.63pt;position:var(--position);text-decoration:none;white-space:pre">("IAS 28") or a </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:735.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">financial instrument based on IFRS 9 (refer to Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:260.05pt;position:var(--position);text-decoration:none;white-space:pre">5. Investments Held at Fair Value</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:383.14pt;position:var(--position);text-decoration:none;white-space:pre"> and Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:423.28999999999996pt;position:var(--position);text-decoration:none;white-space:pre">6. Investments in Associates</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:528.27pt;position:var(--position);text-decoration:none;white-space:pre">). This </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:745.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">judgement includes, among others, an assessment whether the Group has representation on the board of directors of the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:755.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">investee, whether the Group participates in the policy making processes of the investee, whether there is any interchange of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:765.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">managerial personnel, whether there is any essential technical information provided to the investee and if there are any </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:775.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">transactions between the Group and the investee.</span></div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Material Accounting Policies continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Upon determining that the Group does have significant influence over the financial and operating policies of an investee, if the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Group holds more than a single instrument issued by its equity-accounted investee, judgement is required to determine whether </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">the additional instrument forms part of the investment in the associate, which is accounted for under IAS 28 and scoped out of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">IFRS 9, or it is a separate financial instrument that falls in the scope of IFRS 9. This judgement includes an assessment of the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">characteristics of the financial instrument of the investee held by the Group and whether such financial instrument provides </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:157.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">access to returns underlying an ownership interest.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:167.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">When the Group has other investments in an equity accounted investee that are not accounted for under IAS 28, judgement is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:177.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">required in determining if such investments constitute long-term interests ("LTI") for the purposes of IAS 28. This determination is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:187.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">based on the individual facts and circumstances and characteristics of each investment, but is driven, among other factors, by the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:197.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">intention and likelihood to settle the instrument through redemption or repayment in the foreseeable future, and whether or not </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:207.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">the investment is likely to be converted to common stock or other equity instruments. After considering the individual facts and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:217.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">circumstances of the Group’s investment in its associate's preferred stock in the manner described above, including the long-</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:227.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">term nature of such investment, the ability of the Group to convert its preferred stock investment to an investment in common </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:237.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">shares and the likelihood of such conversion, the Group concluded that such investment was considered a long-term interest.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:247.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">In determining the appropriate accounting treatment for the Royalty Purchase Agreement during 2023, management applied </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:257.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">significant judgement (refer to Note </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:188.54pt;position:var(--position);text-decoration:none;white-space:pre">18. Sale of Future Royalties Liability</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:322.84000000000003pt;position:var(--position);text-decoration:none;white-space:pre">).</span></div> 252470000 24829000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:489.29pt;position:var(--position);text-decoration:none;white-space:pre">Considering </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:285.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the Group’s financial position as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:172.51pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:245.45pt;position:var(--position);text-decoration:none;white-space:pre">, and its principal risks and opportunities, the Group prepared a going </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:295.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">concern analysis covering a period of at least the twelve-month period from the date of signing the Consolidated Financial </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:305.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Statements ("the going concern period") utilizing realistic scenarios and applying a severe but plausible downside scenario. Even </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:315.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">under the downside scenario, the analysis demonstrates the Group continues to maintain sufficient liquidity headroom and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:325.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">continues to comply with all financial obligations. The Board of Directors believe the Group and the Parent is adequately resourced </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:335.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">to continue in operational existence for at least the twelve-month period from the date of signing the Consolidated Financial </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:345.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Statements. Accordingly, the Board of Directors considered it appropriate to adopt the going concern basis of accounting in </span></div>preparing the Consolidated Financial Statements and the PureTech Health plc Financial Statements. <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Basis of consolidation</span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:383.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Consolidated Financial Statements as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:209.48pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:282.41999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:301.16pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:318.84pt;position:var(--position);text-decoration:none;white-space:pre">, and for each of the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:396.76pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:443.02pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:445.23pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:518.1700000000001pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:393.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:57.37pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:76.11pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:93.78999999999999pt;position:var(--position);text-decoration:none;white-space:pre">, comprise PureTech Health plc and its consolidated subsidiaries. Intra-group balances and transactions, and any </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:403.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">unrealized income and expenses arising from intra-group transactions, are eliminated.</span></div> <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiaries </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:431.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">As used in these financial statements, the term subsidiaries refers to entities that are controlled by the Group. Under applicable </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:441.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">accounting rules, the Group controls an entity when it is exposed to, or has the rights to, variable returns from its involvement with </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:451.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the entity and has the ability to affect those returns through its power over the entity. In assessing control, the Group takes into </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:461.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">consideration potential voting rights, board representation, shareholders' agreements, ability to appoint board of directors and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:471.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">management, de facto control and other related factors. The financial statements of subsidiaries are included in the Consolidated </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:481.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Financial Statements from the date that control commences until the date that control ceases. Losses applicable to the non-</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:491.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">controlling interests ("NCI") in a subsidiary are allocated to the non-controlling interests even if doing so causes the non-controlling </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:501.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">interests to have a deficit balance.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:519.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">A list of all current and former subsidiaries organized with respect to classification as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:367.74pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:440.68pt;position:var(--position);text-decoration:none;white-space:pre">, and the Group’s total </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:529.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">voting percentage, based on outstanding voting common and preferred shares as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:360.25pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:433.19pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:437.61pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:455.29pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:474.03pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:491.71pt;position:var(--position);text-decoration:none;white-space:pre">, is outlined </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:539.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">below. All current subsidiaries are domiciled within the United States and conduct business activities solely within the United States. </span></div><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Change in Subsidiary Ownership and Loss of Control </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:703.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Changes in the Group’s interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:720.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Where the Group loses control of a subsidiary, the assets and liabilities are derecognized along with any related non-controlling </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:730.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">interest. Any interest retained in the former subsidiary is measured at fair value when control is lost. Any resulting gain or loss is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:740.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">recognized as profit or loss in the Consolidated Statement of Comprehensive Income/(Loss).</span></div> <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">A list of all current and former subsidiaries organized with respect to classification as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:367.74pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:440.68pt;position:var(--position);text-decoration:none;white-space:pre">, and the Group’s total </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:529.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">voting percentage, based on outstanding voting common and preferred shares as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:360.25pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:433.19pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:437.61pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:455.29pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:474.03pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:491.71pt;position:var(--position);text-decoration:none;white-space:pre">, is outlined </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:539.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">below. All current subsidiaries are domiciled within the United States and conduct business activities solely within the United States. </span></div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Material Accounting Policies continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:107.66pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:219.75pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:45pt"></td><td style="padding:0;width:45pt"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="8" style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);width:276pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:276pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:44.25pt;position:var(--position);text-decoration:none;white-space:pre">Voting percentage at </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:112.34pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:156.76999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> through the holdings in</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:11.25pt;width:90pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:90pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:36.72pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:11.25pt;width:90pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:90pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:37.22pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:11.25pt;width:90pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:90pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:37.22pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:22.5pt;width:219.75pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:22.5pt;width:45pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:12.85pt;position:var(--position);text-decoration:none;white-space:pre">Common</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:22.5pt;width:45pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:8.97pt;position:var(--position);text-decoration:none;white-space:pre"> Preferred</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:22.5pt;width:45pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:13.34pt;position:var(--position);text-decoration:none;white-space:pre">Common</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:22.5pt;width:45pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:11.45pt;position:var(--position);text-decoration:none;white-space:pre"> Preferred</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:22.5pt;width:45pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:13.34pt;position:var(--position);text-decoration:none;white-space:pre">Common</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:22.5pt;width:45pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:11.45pt;position:var(--position);text-decoration:none;white-space:pre"> Preferred</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:219.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary operating companies</span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:23.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:3.06pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gallop Oncology, Inc. (Indirectly Held through </span></div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">PureTech LYT)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:54.019999999999996pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">  1, 2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:45pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:19.11pt;position:var(--position)"></span><span style="left:19.11pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:45pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:45pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:45pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:45pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:28.68pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:45pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:28.68pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Entrega, Inc. (indirectly held through Enlight)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:168.44000000000003pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:68.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:68.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:24.14pt;position:var(--position)"></span><span style="left:24.14pt;position:var(--position)">77.3<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:68.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:68.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">77.3<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:68.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:68.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">77.3<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">PureTech LYT, Inc. (formerly Ariya Therapeutics, Inc.)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:197.06pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:199.93pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:81pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:81pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:19.11pt;position:var(--position)"></span><span style="left:19.11pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:81pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:81pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:81pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:81pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93.75pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">PureTech LYT 100, Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:84.92pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:93.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:93.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:19.11pt;position:var(--position)"></span><span style="left:19.11pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:93.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:93.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:93.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:93.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:106.5pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">PureTech Management, Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:105.97pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">3</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:106.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:19.11pt;position:var(--position)"></span><span style="left:19.11pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:106.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:106.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:106.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:106.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:106.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:119.25pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">PureTech Health LLC</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:79.36pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">3</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:119.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:19.11pt;position:var(--position)"></span><span style="left:19.11pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:119.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:119.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:119.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:119.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:119.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.56pt;width:219.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidated former subsidiary </span></div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:219.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">operating companies</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:153.75pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Sonde Health, Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:69.17pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 4, 6</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:153.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:153.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:24.14pt;position:var(--position)"></span><span style="left:24.14pt;position:var(--position)">40.2<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:153.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:153.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">40.2<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:153.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:153.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">40.2<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:166.5pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Akili Interactive Labs, Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:94.95pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 5, 6</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:166.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:166.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:166.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:166.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:166.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">14.6<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:166.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:179.25pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gelesis, Inc. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:47.3pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 8</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:179.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:179.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:179.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:179.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:179.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:179.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:190.5pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Seaport Therapeutics, Inc. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:100.63pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">1,</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:104.92999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:107.14pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2,</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:111.44pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:113.64999999999999pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">4, 6</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:190.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:29.17pt;position:var(--position)"></span><span style="left:29.17pt;position:var(--position)">0.8<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:190.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:24.14pt;position:var(--position)"></span><span style="left:24.14pt;position:var(--position)">42.1<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:190.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:30.99pt;position:var(--position)"></span><span style="left:30.99pt;position:var(--position)">0.8<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:190.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">42.1<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:190.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:28.68pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:190.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:28.68pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:201.75pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">SPTX, Inc. (held Indirectly through Seaport) </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:163.89000000000001pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">1,</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:168.19000000000003pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:170.4pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2,</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:174.70000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:176.91000000000003pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">4, 6</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:201.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:29.17pt;position:var(--position)"></span><span style="left:29.17pt;position:var(--position)">0.8<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:201.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:24.14pt;position:var(--position)"></span><span style="left:24.14pt;position:var(--position)">42.1<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:201.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:30.99pt;position:var(--position)"></span><span style="left:30.99pt;position:var(--position)">0.8<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:201.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">42.1<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:201.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:28.68pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:201.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:28.68pt;position:var(--position);text-decoration:none;white-space:pre">N/A</span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:213pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Karuna Therapeutics, Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:94.96pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 5 , 6</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:213pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:213pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:213pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:213pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:213pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:30.99pt;position:var(--position)"></span><span style="left:30.99pt;position:var(--position)">2.3<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:213pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:225pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Vedanta Biosciences, Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:95.28pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 4, 6</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:225pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:29.17pt;position:var(--position)"></span><span style="left:29.17pt;position:var(--position)">0.2<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:225pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:29.17pt;position:var(--position)"></span><span style="left:29.17pt;position:var(--position)">4.8<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:225pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:225pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">46.9<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:225pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:225pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">47.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:23.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:237.75pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:3.06pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Vedanta Biosciences Securities Corp. (indirectly held </span></div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">through Vedanta)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:65.87pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 4, 6</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:237.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:29.17pt;position:var(--position)"></span><span style="left:29.17pt;position:var(--position)">0.2<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:237.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:29.17pt;position:var(--position)"></span><span style="left:29.17pt;position:var(--position)">4.8<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:237.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:237.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">46.9<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:237.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:237.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:13.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">47.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:261pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Vor Biopharma Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:71.86pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 5, 6</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:261pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:261pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:261pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:30.99pt;position:var(--position)"></span><span style="left:30.99pt;position:var(--position)">2.1<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:261pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:261pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:30.99pt;position:var(--position)"></span><span style="left:30.99pt;position:var(--position)">3.9<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:261pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:272.25pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Non-trading holding companies</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:285pt;width:219.75pt"><div><div style="line-height:8.4pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:2.86pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.4pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre;width:195.85pt">Endra Holdings, LLC (held indirectly through Enlight)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.460000000000001pt;font-style:normal;font-weight:normal;left:195.93pt;position:var(--position);text-decoration:none;top:-2.2224999999999997pt;vertical-align:super;white-space:pre;width:2.83pt">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:285pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:24.14pt;position:var(--position)"></span><span style="left:24.14pt;position:var(--position)">86.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:285pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:285pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">86.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:285pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:285pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">86.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:285pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:297.75pt;width:219.75pt"><div><div style="line-height:8.4pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:2.86pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.4pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre;width:194.61pt">Ensof Holdings, LLC (held indirectly through Enlight)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.460000000000001pt;font-style:normal;font-weight:normal;left:194.69000000000003pt;position:var(--position);text-decoration:none;top:-2.2224999999999997pt;vertical-align:super;white-space:pre;width:8.48pt">2, 7</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:297.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:297.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:297.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:297.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:297.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">86.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:297.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:310.5pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">PureTech Securities Corp.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:97.6pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:310.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:19.11pt;position:var(--position)"></span><span style="left:19.11pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:310.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:310.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:310.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:310.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:310.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:323.25pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">PureTech Securities II Corp.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:104.23pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:323.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:19.11pt;position:var(--position)"></span><span style="left:19.11pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:323.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:323.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:323.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:323.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:323.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:336pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:219.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Inactive subsidiaries</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:347.25pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Alivio Therapeutics, Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:89.59pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:347.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:347.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:19.11pt;position:var(--position)"></span><span style="left:19.11pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:347.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:347.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:347.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:347.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:358.5pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Appeering, Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:58.14pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 7</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:358.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:358.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:358.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:358.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:358.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:358.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:370.5pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Commense Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:58.79pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 7</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:370.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:370.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:370.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:370.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:370.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:370.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">99.1<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:383.25pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Enlight Biosciences, LLC</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:91.8pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:24.14pt;position:var(--position)"></span><span style="left:24.14pt;position:var(--position)">86.0<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">86.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">86.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:383.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:396pt;width:219.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.26pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Ensof Biosystems, Inc. (held indirectly through Enlight)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:191.78pt;position:var(--position);text-decoration:none;top:-2.114pt;vertical-align:super;white-space:pre">2, 7</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:396pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:396pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:396pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:396pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:396pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">57.7<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:396pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">28.3<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:408.75pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Follica, LLC </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:45.559999999999995pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:408.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:24.14pt;position:var(--position)"></span><span style="left:24.14pt;position:var(--position)">28.7<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:408.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:24.14pt;position:var(--position)"></span><span style="left:24.14pt;position:var(--position)">56.7<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:408.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">28.7<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:408.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">56.7<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:408.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">28.7<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:408.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">56.7<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:421.5pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Knode Inc. (indirectly held through Enlight)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:161.35000000000002pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 7</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:421.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:421.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:421.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:421.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:421.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:421.5pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">86.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:434.25pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Libra Biosciences, Inc.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:82.67999999999999pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 7</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:434.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:434.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:434.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:434.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:434.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:434.25pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:447pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Mandara Sciences, LLC</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:87.41pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 7</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:447pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:447pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:447pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:447pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:447pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:26.57pt;position:var(--position)"></span><span style="left:26.57pt;position:var(--position)">98.3<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:447pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:459.75pt;width:219.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:219.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tal Medical, LLC.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:64.75pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2, 7</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:219.75pt;position:var(--position);top:459.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:264.75pt;position:var(--position);top:459.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.24pt;position:var(--position)"></span><span style="left:33.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:312.75pt;position:var(--position);top:459.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:357.75pt;position:var(--position);top:459.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:405.75pt;position:var(--position);top:459.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.54pt;position:var(--position)"></span><span style="left:33.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:450.75pt;position:var(--position);top:459.75pt;width:45pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:45pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:22.15pt;position:var(--position)"></span><span style="left:22.15pt;position:var(--position)">100.0<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:592.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">1<span style="display:inline-block;height:4.53pt;width:8.22pt"></span></span><span style="left:68.03pt;position:var(--position)">In January 2024, the Group launched two new Founded Entities (Seaport Therapeutics and Gallop Oncology) to advance certain programs from the Wholly-Owned programs segment.</span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:601.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">2<span style="display:inline-block;height:4.53pt;width:8.22pt"></span></span><span style="left:68.03pt;position:var(--position)">Registered address is Corporation Trust Center, 1209 Orange St., Wilmington, DE 19801, USA.</span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:610.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">3<span style="display:inline-block;height:4.53pt;width:8.22pt"></span></span><span style="left:68.03pt;position:var(--position)">Registered address is 2711 Centerville Rd., Suite 400, Wilmington, DE 19808, USA.</span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:619.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">4<span style="display:inline-block;height:4.53pt;width:8.22pt"></span></span><span style="left:68.03pt;position:var(--position)">On October 18, 2024, the Group lost control over Seaport. On March 1, 2023, the Group lost control over Vedanta. On May 25, 2022, the Group lost control over Sonde. Seaport, </span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:626.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Vedanta and Sonde were deconsolidated from the Group’s financial statements, resulting in only the profits and losses generated by these entities through the deconsolidation date </span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:633.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">being included in the Group’s Consolidated Statement of Comprehensive Income/(Loss). See Notes </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:335.02pt;position:var(--position);text-decoration:none;white-space:pre">8. Gain/(loss) on Deconsolidation of Subsidiary</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:458.6pt;position:var(--position);text-decoration:none;white-space:pre">,  </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:463.28pt;position:var(--position);text-decoration:none;white-space:pre">5. Investments Held at Fair Value</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:550.09pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:640.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">and  </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:81.25pt;position:var(--position);text-decoration:none;white-space:pre">6. Investments in Associates</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:155.29000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> for further details about the accounting for the investments in these entities subsequent to deconsolidation.</span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:649.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">5<span style="display:inline-block;height:4.53pt;width:8.22pt"></span></span><span style="left:68.03pt;position:var(--position)">The Group's investments in Akili and Karuna were disposed of in 2024. The Group's investments in Vor were disposed of in 2025.</span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:658.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">6<span style="display:inline-block;height:4.53pt;width:8.22pt"></span></span><span style="left:68.03pt;position:var(--position)">See Notes </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:97.22999999999999pt;position:var(--position);text-decoration:none;white-space:pre">5. Investments Held at Fair Value</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:184.04pt;position:var(--position);text-decoration:none;white-space:pre"> for additional discussion on the Group's investment held in these entities.</span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:666.76pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">7<span style="display:inline-block;height:4.53pt;width:8.22pt"></span></span><span style="left:68.03pt;position:var(--position)">Inactive subsidiary dissolved in November 2024.</span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:675.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">8<span style="display:inline-block;height:4.53pt;width:8.22pt"></span></span><span style="left:68.03pt;position:var(--position)">On October 30, 2023, Gelesis ceased operations and filed a voluntary petition for relief under the United States bankruptcy code.</span></span></div> 1.000 0 1.000 0 0 0.773 0 0.773 0 0.773 0 1.000 0 1.000 0 1.000 0 1.000 0 1.000 0 1.000 1.000 0 1.000 0 1.000 0 1.000 0 1.000 0 1.000 0 0 0.402 0 0.402 0 0.402 0 0 0 0 0.146 0 0 0 0 0 0 0 0.008 0.421 0.008 0.421 0.008 0.421 0.008 0.421 0 0 0 0 0.023 0 0.002 0.048 0 0.469 0 0.470 0.002 0.048 0 0.469 0 0.470 0 0 0.021 0 0.039 0 0.860 0 0.860 0 0.860 0 0 0 0 0 0.860 0 1.000 0 1.000 0 1.000 0 1.000 0 1.000 0 1.000 0 0 1.000 0 1.000 0 1.000 0 0 0 0 0 1.000 0 0 0 0 0 0.991 0.860 0 0.860 0 0.860 0 0 0 0 0 0.577 0.283 0.287 0.567 0.287 0.567 0.287 0.567 0 0 0 0 0 0.860 0 0 0 0 0 1.000 0 0 0 0 0.983 0 0 0 0 0 0 1.000 <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Associates </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">As used in the Consolidated Financial Statements, the term associates are those entities in which the Group has no control but </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">maintains significant influence over the financial and operating policies. Significant influence is presumed to exist when the Group </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">holds between 20 and 50 percent of the voting power of an entity, unless it can be clearly demonstrated that this is not the case. The </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Group evaluates if it maintains significant influence over associates by assessing if the Group has the power to participate in the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:157.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">financial and operating policy decisions of the associate.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:175.66pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Application of the Equity Method to Associates </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Associates are accounted for using the equity method (equity accounted investees) and are initially recognized at cost, or if </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">recognized upon deconsolidation, they are initially recorded at fair value at the date of deconsolidation. The Consolidated Financial </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:205.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Statements include the Group’s share of the total comprehensive income or loss of equity accounted investees, from the date that </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:215.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">significant influence commences until the date that significant influence ceases. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:233.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">To the extent the Group holds interests in associates that are not providing access to returns underlying ownership interests, the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:243.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">instrument is accounted for in accordance with IFRS 9 as investments held at fair value.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:261.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">When the Group’s share of losses exceeds its equity method investment in the investee, losses are applied against long-term </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:271.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">interests, which are investments accounted for under IFRS 9. Investments are determined to be long-term interests when they are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:281.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">long-term in nature and in substance they form part of the Group's net investment in that associate. This determination is impacted </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:291.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">by many factors, among others, whether settlement by the investee through redemption or repayment is planned or likely in the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:301.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">foreseeable future, whether the investment can be converted and/or is likely to be converted to common stock or other equity </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:311.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">instrument and other factors regarding the nature of the investment. Whilst this assessment is dependent on many specific facts and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:321.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">circumstances of each investment, typically conversion features whereby the investment is likely to convert to common stock or other </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:331.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">equity instruments would point to the investment being a long-term interest. Similarly, where the investment is not planned or likely </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:341.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">to be settled through redemption or repayment in the foreseeable future, this would indicate that the investment is a long-term </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:351.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">interest. When the net investment in the associate, which includes the Group’s investments in other long-term interests, is reduced </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:361.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">to nil, recognition of further losses is discontinued except to the extent that the Group has incurred legal or constructive obligations </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:371.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">or made payments on behalf of an investee.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:389.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group has adopted the amendments to IAS 28 that addresses the dual application of IAS 28 and IFRS 9 when equity method </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:399.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">losses are applied against long-term interests. The amendments provide the annual sequence in which both standards are to be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:409.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">applied in such a case. The Group has applied the equity method losses to the long-term interests presented as part of Investments </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:419.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">held at fair value subsequent to remeasuring such investments to their fair value at the balance sheet date.</span></div> <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Sale of Future Royalties Liability</span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:447.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">The Group accounts for the sale of future royalties liability as a financial liability, as it continues to hold the rights under the royalty </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:457.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">bearing licensing agreement and has a contractual obligation to deliver cash to an investor for a portion of the royalty it receives. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:467.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Interest on the sale of future royalties liability is recognized using the effective interest rate over the life of the related royalty stream.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:484.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The sale of future royalties liability and the related interest expense are based on the Group’s current estimates of future royalties </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:494.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">expected to be paid over the life of the arrangement. Forecasts are updated periodically as new data is obtained. Any increases, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:504.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">decreases or a shift in timing of estimated cash flows require the Group to re-calculate the amortized cost of the sale of future </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:514.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">royalties liability as the present value of the estimated future contractual cash flows that are discounted at the liability’s original </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:524.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">effective interest rate. The adjustment is recognized immediately in profit or loss as income or expense.</span></div> <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Financial Instruments </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:552.86pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Classification </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:563.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group classifies its financial assets in the following measurement categories:</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:580.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Those to be measured subsequently at fair value either through other comprehensive income "FVOCI", or through profit or loss </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:590.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">"FVTPL", and</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:600.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Those to be measured at amortized cost.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:618.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">The classification depends on the Group’s business model for managing the financial assets and the contractual terms of the cash flows.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:636.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">For assets measured at fair value, gains and losses are recorded in profit or loss. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:654.26pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Measurement </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:664.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a financial asset not at FVTPL, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:674.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets that are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:684.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">carried at FVTPL are expensed.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:702.26pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Impairment </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:712.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group assesses on a forward-looking basis the expected credit losses associated with its debt instruments carried at amortized </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:722.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">cost. For trade receivables, the Group applies the simplified approach permitted by IFRS 9, which requires expected lifetime losses </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:732.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">to be recognized from initial recognition of the receivables.</span></div> <span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Financial Assets </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:760.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group’s financial assets consist of cash and cash equivalents, investments in debt securities, trade and other receivables, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:770.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">investments in notes from associates, restricted cash deposits and investments in equity securities. The Group’s financial assets are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:780.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">virtually all classified into the following categories: investments held at fair value, investments in notes from associates, trade and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:790.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">other receivables, short-term investments and cash and cash equivalents. The Group determines the classification of financial assets </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:800.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">at initial recognition depending on the purpose for which the financial assets were acquired.</span></div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Material Accounting Policies continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Investments held at fair value are investments in equity instruments. Such investments consist of the Group's minority interest </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">holdings where the Group has no significant influence or preferred share investments that are not providing access to returns </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">underlying ownership interests and are categorized as debt instruments that are presented at fair value through profit and loss </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">because the amounts receivable do not represent solely payments of principal and interest. These financial assets are initially </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">measured at fair value and subsequently re-measured at fair value at each reporting date. The Group has elected to record the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:157.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">changes in fair values for the financial assets falling under this category through profit and loss. Please refer to Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:492.55pt;position:var(--position);text-decoration:none;white-space:pre">5. Investments </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:167.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Held at Fair Value</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:123.57pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Changes in the fair value of financial assets at FVTPL are recognized in other income/(expense) in the Consolidated Statement of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Comprehensive Income/(Loss) as applicable. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:213.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The investments in notes from associates, since their contractual terms do not consist solely of cash flow payments of principal and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:223.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">interest on the principal amount outstanding, are initially and subsequently measured at fair value, with changes in fair value </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:233.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">recognized through profit and loss.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:251.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents consist of demand deposits with banks and other financial institutions and highly liquid instruments with </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:261.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">original maturities of three months or less at the date of purchase. Cash and cash equivalents are carried at cost, which </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:271.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">approximates their fair value.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:288.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Short-term investments consist of short-term US treasury bills that are held to maturity. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:383.67pt;position:var(--position);text-decoration:none;white-space:pre">The contractual terms consist</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:493.79pt;position:var(--position);text-decoration:none;white-space:pre"> solely of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:298.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">payment of the principal and interest and the Group's business model is to hold the treasury bills to maturity. As such, such short-</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:308.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">term investments are recorded at amortized cost. As of the balance sheet date, amortized cost approximated the fair value of such </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:318.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">short-term investments.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:336.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other receivables are non-derivative financial assets with fixed and determinable payments that are not quoted on active </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:346.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">markets. These financial assets are carried at the amounts expected to be received less any expected lifetime losses. Such losses are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:356.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">determined taking into account previous experience, credit rating and economic stability of counterparty and economic conditions. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:366.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">When a trade receivable is determined to be uncollectible, it is written off against the available provision. As of the balance sheet </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:376.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">date, the Group did not record any such expected lifetime losses related to the outstanding trade and other receivable balances. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:386.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other receivables are included in current assets, unless maturities are greater than 12 months after the end of the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:396.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">reporting period.</span></div> <span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Financial Liabilities </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:424.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group’s financial liabilities primarily consist of trade and other payables, and preferred shares. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:442.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The majority of the Group’s subsidiaries have preferred shares and certain notes payable with embedded derivatives, which are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:452.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">classified as current liabilities. When the Group has preferred shares and notes with embedded derivatives that qualify for </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:462.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">bifurcation, the Group has elected to account for the entire instrument as FVTPL after determining under IFRS 9 that the instrument </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:472.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">qualifies to be accounted for under such FVTPL method.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:490.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group derecognizes a financial liability when its contractual obligations are discharged, cancelled or expire.</span></div> <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Equity Instruments Issued by the Group </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:518.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Financial instruments issued by the Group are treated as equity only to the extent that they meet the following two conditions, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:528.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">in accordance with IAS 32:</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:546.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">1</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">They include no contractual obligations upon the Group to deliver cash or other financial assets or to exchange financial assets </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:556.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">or financial liabilities with another party under conditions that are potentially unfavorable to the Group; and</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:566.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">2</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Where the instrument will or may be settled in the Group’s own equity instruments, it is either a non-derivative that includes no </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:576.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">obligation to deliver a variable number of the Group’s own equity instruments or is a derivative that will be settled by the Group </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:586.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:603.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">To the extent that this definition is not met, the financial instrument is classified as a financial liability. Where the instrument so </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:613.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">classified takes the legal form of the Group’s own shares, the amounts presented in the Group's shareholders' equity exclude </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:623.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">amounts in relation to those shares.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:641.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Changes in the fair value of liabilities at FVTPL are recognized in net finance income/(costs) in the Consolidated Statement of </span></div>Comprehensive Income/(Loss) as applicable. <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">IFRS 15, Revenue from Contracts with Customers </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:679.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The standard establishes a five-step principle-based approach for revenue recognition and is based on the concept of recognizing </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:689.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">an amount that reflects the consideration for performance obligations only when they are satisfied, and the control of goods or </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:699.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">services is transferred.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:717.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The majority of the Group’s contract revenue is generated from licenses and services, some of which are part of collaboration </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:727.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">arrangements. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:745.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Management reviewed contracts where the Group received consideration in order to determine whether or not they should be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:755.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">accounted for in accordance with IFRS 15. To date, the Group has entered into transactions that generate revenue and meet the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:765.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">scope of either IFRS 15 or IAS 20 Accounting for Government Grants. Contract revenue is recognized at either a point-in-time or </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:775.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">over time, depending on the nature of the performance obligations.</span></div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Material Accounting Policies continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group accounts for agreements that meet the definition of IFRS 15 by applying the following five step model:</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:125.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Identify the contract(s) with a customer – A contract with a customer exists when (i) the Group enters into an enforceable contract </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:135.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">with a customer that defines each party’s rights regarding the goods or services to be transferred and identifies the payment </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:145.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">terms related to those goods or services, (ii) the contract has commercial substance and, (iii) the Group determines that collection </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:155.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">of substantially all consideration for goods or services that are transferred is probable based on the customer’s intent and ability </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:165.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">to pay the promised consideration.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:175.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Identify the performance obligations in the contract – Performance obligations promised in a contract are identified based on the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">goods or services that will be transferred to the customer that are both capable of being distinct, whereby the customer can </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">benefit from the good or service either on its own or together with other resources that are readily available from third parties or </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:205.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">from the Group, and are distinct in the context of the contract, whereby the transfer of the goods or services is separately </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:215.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">identifiable from other promises in the contract.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:225.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Determine the transaction price – The transaction price is determined based on the consideration to which the Group will be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:235.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">entitled in exchange for transferring goods or services to the customer. To the extent the transaction price includes variable </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:245.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">consideration, the Group estimates the amount of variable consideration that should be included in the transaction price utilizing </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:255.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">either the expected value method or the most likely amount method depending on the nature of the variable consideration. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:265.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Variable consideration is included in the transaction price if, in the Group’s judgement, it is probable that a significant future </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:275.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">reversal of cumulative revenue under the contract will not occur. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:285.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Allocate the transaction price to the performance obligations in the contract – If the contract contains a single performance </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:295.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:305.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">performance obligations require an allocation of the transaction price to each performance obligation based on a relative </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:315.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">standalone selling price basis. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:325.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Recognize revenue when (or as) the Group satisfies a performance obligation – The Group satisfies performance obligations </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:335.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">either over time or at a point in time as discussed in further detail below. Revenue is recognized at the time the related </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:345.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">performance obligation is satisfied by transferring a promised good or service to a customer.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:363.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Revenue generated from services agreements (typically where licenses and related services were combined into one performance </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:373.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">obligation) is determined to be recognized over time when it can be determined that the services meet one of the following: (a) the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:383.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">customer simultaneously receives and consumes the benefits provided by the entity’s performance as the entity performs; (b) the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:393.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">entity’s performance creates or enhances an asset that the customer controls as the asset is created or enhanced; or (c) the entity’s </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:403.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">performance does not create an asset with an alternative use to the entity and the entity has an enforceable right to payment for </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:413.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">performance completed to date.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:431.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">It was determined that the Group has contracts that meet criteria (a), since the customer simultaneously receives and consumes the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:441.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">benefits provided by the Group’s performance as the Group performs. Therefore, revenue is recognized over time using the input </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:451.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">method based on costs incurred to date as compared to total contract costs. The Group believes that in research and development </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:461.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">service type agreements using costs incurred to date represents the most faithful depiction of the entity’s performance towards </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:471.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">complete satisfaction of a performance obligation.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:488.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Revenue from licenses that are not part of a combined performance obligation are recognized at a point in time. Such licenses relate </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:498.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">to intellectual property that has significant stand-alone functionality and as such represent a right to use the entity's intellectual </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:508.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">property as it exists at the point in time at which the license is granted.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:526.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Royalty revenue received in respect of licensing agreements when the license of intellectual property is the predominant item in the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:536.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">arrangement is recognized as the related third-party sales in the licensee occur.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:554.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Amounts that are receivable or have been received per contractual terms but have not been recognized as revenue since </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:564.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">performance has not yet occurred or has not yet been completed are recorded as deferred revenue. The Group classifies as non-</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:574.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">current deferred revenue amounts received for which performance is expected to occur beyond one year or one operating cycle.</span></div> <span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Grant Revenue</span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:602.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group recognizes grants from governmental agencies as grant revenue in the Consolidated Statement of Comprehensive </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:612.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Income/(Loss), gross of the expenditures that were related to obtaining the grant, when there is reasonable assurance that the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:622.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Group will comply with the conditions within the grant agreement and there is reasonable assurance that payments under the grants </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:632.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">will be received. The Group evaluates the conditions of each grant as of each reporting date to ensure that the Group has </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:642.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">reasonable assurance of meeting the conditions of each grant arrangement and that it is expected that the grant payment will be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:652.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">received as a result of meeting the necessary conditions.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:670.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group submits qualifying expenses for reimbursement after the Group has incurred the research and development expense. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:680.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group records an unbilled receivable upon incurring such expenses. In cases in which the grant revenue is received prior to the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:690.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">expenses being incurred or recognized, the amounts received are deferred until the related expense is incurred and/or recognized. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:700.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Grant revenue is recognized in the Consolidated Statement of Comprehensive Income/(Loss) at the time in which the Group </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:710.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">recognizes the related reimbursable expense for which the grant is intended to compensate.</span></div> <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Functional and Presentation Currency </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:738.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Consolidated Financial Statements are presented in United States dollars (“US dollars”). The functional currency of all members </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:748.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">of the Group is the U.S. dollar. The Group's share in foreign exchange differences in associates were reported in other </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:758.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">comprehensive income/(loss).</span></div> <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Foreign Currency </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Transactions in foreign currencies are translated to the respective functional currencies of Group entities at the foreign exchange rate </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">retranslated to the functional currency at the foreign exchange rate ruling at that date. Foreign exchange differences arising on </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">remeasurement are recognized in the Consolidated Statement of Comprehensive Income/(Loss). Non-monetary assets and liabilities </span></div>that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction. <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Share Capital </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Ordinary shares are classified as equity. The Group's equity is comprised of share capital, share premium, merger reserve, other </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">reserve, translation reserve, and retained earnings/accumulated deficit.</span></div> <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Treasury Shares</span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:223.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Treasury shares acquired as a result of repurchasing shares are recognized at cost and are deducted from shareholders' equity. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:233.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">No gain or loss is recognized in profit and loss for the purchase, sale, re-issue or cancellation of the Group's own equity shares. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:243.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The nominal value related to shares that are repurchased and cancelled are reduced from share capital and transferred to a capital </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:253.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">redemption reserve.</span></div> <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Property and Equipment </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:281.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Property and equipment is stated at cost less accumulated depreciation and any accumulated impairment losses. Cost includes </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:291.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">expenditures that are directly attributable to the acquisition of the asset. Assets under construction represent leasehold improvements </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:301.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">and machinery and equipment to be used in operations or research and development activities. When parts of an item of property and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:311.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">equipment have different useful lives, they are accounted for as separate items (major components) of property and equipment.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:527.1pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:321.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Depreciation is calculated using the straight-line method over the estimated useful life of the related asset: </span></div><div style="position:var(--position);top:339.46pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:240pt"></td><td style="padding:0;width:255pt"></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:240pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:240pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Laboratory and manufacturing equipment</span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);width:255pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:255pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">2</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:4.5pt;position:var(--position);text-decoration:none;white-space:pre">-</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:7.33pt;position:var(--position);text-decoration:none;white-space:pre">8</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:11.75pt;position:var(--position);text-decoration:none;white-space:pre"> years</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:11.25pt;width:240pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:240pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Furniture and fixtures</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);top:11.25pt;width:255pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:255pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">7</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:4.5pt;position:var(--position);text-decoration:none;white-space:pre"> years</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:22.5pt;width:240pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:240pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Computer equipment and software</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);top:22.5pt;width:255pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:255pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:4.5pt;position:var(--position);text-decoration:none;white-space:pre">-</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:7.33pt;position:var(--position);text-decoration:none;white-space:pre">5</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:11.75pt;position:var(--position);text-decoration:none;white-space:pre"> years</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:240pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:240pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Leasehold improvements</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);top:33.75pt;width:255pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:255pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">5</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:4.5pt;position:var(--position);text-decoration:none;white-space:pre">-</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:7.33pt;position:var(--position);text-decoration:none;white-space:pre">10</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:16.169999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> years, or the remaining term of the lease, if shorter</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:394.71pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation methods, useful lives and residual values are reviewed at each balance sheet date.</span></div> <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Depreciation is calculated using the straight-line method over the estimated useful life of the related asset: </span><div style="position:var(--position);top:339.46pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:240pt"></td><td style="padding:0;width:255pt"></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:240pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:240pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Laboratory and manufacturing equipment</span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);width:255pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:255pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">2</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:4.5pt;position:var(--position);text-decoration:none;white-space:pre">-</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:7.33pt;position:var(--position);text-decoration:none;white-space:pre">8</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:11.75pt;position:var(--position);text-decoration:none;white-space:pre"> years</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:11.25pt;width:240pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:240pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Furniture and fixtures</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);top:11.25pt;width:255pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:255pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">7</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:4.5pt;position:var(--position);text-decoration:none;white-space:pre"> years</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:22.5pt;width:240pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:240pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Computer equipment and software</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);top:22.5pt;width:255pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:255pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:4.5pt;position:var(--position);text-decoration:none;white-space:pre">-</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:7.33pt;position:var(--position);text-decoration:none;white-space:pre">5</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:11.75pt;position:var(--position);text-decoration:none;white-space:pre"> years</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:240pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:240pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Leasehold improvements</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:240pt;position:var(--position);top:33.75pt;width:255pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:255pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">5</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:4.5pt;position:var(--position);text-decoration:none;white-space:pre">-</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:7.33pt;position:var(--position);text-decoration:none;white-space:pre">10</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:16.169999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> years, or the remaining term of the lease, if shorter</span></div></div></div></td></tr></tbody></table></div></div></div> P2Y P8Y P7Y P1Y P5Y P5Y P10Y <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Intangible Assets </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:422.71pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Intangible assets, which include purchased patents and licenses with finite useful lives, are carried at historical cost less accumulated </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:432.71pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">amortization, if amortization has commenced. Intangible assets with finite lives are amortized from the time they are available for </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:442.71pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">their intended use. Amortization is calculated using the straight-line method to allocate the costs of patents and licenses over their </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:452.71pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">estimated useful lives.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:139.6pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:470.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Research and development intangible assets, which are still under development and have accordingly not yet obtained marketing </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:480.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">approval, are presented as In-Process Research and Development (IPR&amp;D). The cost of IPR&amp;D represents upfront payments as well </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:490.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">as additional contingent payments based on development, regulatory and sales milestones related to certain license agreement </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:500.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">where the Group licenses IP from a third party. These milestones are capitalized as the milestone is triggered. See Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:508.01pt;position:var(--position);text-decoration:none;white-space:pre">25. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:510.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Commitments and Contingencies</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:183.35pt;position:var(--position);text-decoration:none;white-space:pre">. IPR&amp;D is not amortized since it is not yet available for its intended use, but it is evaluated for </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:520.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">potential impairment on an annual basis or more frequently when facts and circumstances warrant.</span></div> <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Impairment of Non-Financial Assets </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:548.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group reviews the carrying amounts of its property and equipment and intangible assets at each reporting date to determine </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:558.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">whether there are indicators of impairment. If any such indicators of impairment exist, then an asset’s recoverable amount is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:568.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">estimated. The recoverable amount is the higher of an asset’s fair value less cost of disposal and value in use.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:586.31pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">The Group’s IPR&amp;D intangible assets are not yet available for their intended use. As such, they are tested for impairment at least annually. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:604.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">An impairment loss is recognized when an asset’s carrying amount exceeds its recoverable amount. For the purposes of impairment </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:614.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">testing, assets are grouped at the lowest levels for which there are largely independent cash flows. If a non-financial asset instrument </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:624.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">is impaired, an impairment loss is recognized in the Consolidated Statement of Comprehensive Income/(Loss).</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:641.91pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Investments in associates are considered impaired if, and only if, objective evidence indicates that one or more events, which </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:651.91pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">occurred after the initial recognition, have had an impact on the future cash flows from the net investment and that impact can be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:661.91pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">reliably estimated. If an impairment exists, the Group measures an impairment by comparing the carrying value of the net </span></div>investment in the associate to its recoverable amount and recording any excess as an impairment loss. <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Employee Benefits </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:699.91pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Short-Term Employee Benefits </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:710.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Short-term employee benefit obligations are measured on an undiscounted basis and expensed as the related service is provided. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:720.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">A liability is recognized for the amount expected to be paid if the Group has a present legal or constructive obligation due to past </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:730.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">service provided by the employee, and the obligation can be estimated reliably.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:747.91pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Defined Contribution Plans </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:758.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate entity </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:768.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and has no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution plans are </span></div>recognized as an employee benefit expense in the periods during which related services are rendered by employees. <span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Share-based Payments </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Share-based payment arrangements, in which the Group receives goods or services as consideration for its own equity instruments, are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">accounted for as equity-settled share-based payment transactions (except certain restricted stock units – see below) in accordance with </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">IFRS 2. The grant date fair value of employee share-based payment awards is recognized as an expense with a corresponding increase </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">in equity over the requisite service period related to the awards. The amount recognized as an expense is adjusted to reflect the actual </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:157.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">number of awards for which the related service and non-market performance conditions are expected to be met, such that the amount </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:167.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">ultimately recognized as an expense is based on the number of awards that do meet the related service and non-market performance </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:177.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">conditions at the vesting date. For share-based payment awards with market conditions, the grant date fair value is measured to reflect </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:187.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">such conditions and there is no true-up for differences between expected and actual outcomes.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:205.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Certain restricted stock units are treated as liability settled awards as the Group has a historical practice of settling these awards in </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:214.98pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">cash. Such awards are remeasured at every reporting date until settlement date and are recognized as compensation expense over </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:224.5pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the requisite service period. Differences in remeasurement are recognized in profit and loss. The cumulative cost that will ultimately </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:234.02pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">be recognized in respect of these awards will equal to the amount at settlement. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:249.54pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The fair value of the awards is measured using option pricing models and other appropriate models, which take into account the </span></div>terms and conditions of the awards granted. <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Development Costs </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:285.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.015em;position:var(--position);text-decoration:none;white-space:pre">Expenditures on research activities are recognized as incurred in the Consolidated Statement of Comprehensive Income/(Loss). In </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:295.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.015em;position:var(--position);text-decoration:none;white-space:pre">accordance with IAS 38, development costs are capitalized only if the expenditure can be measured reliably, the product or process is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:305.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.015em;position:var(--position);text-decoration:none;white-space:pre">technically and commercially feasible, future economic benefits are probable, the Group can demonstrate its ability to use or sell the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:315.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.015em;position:var(--position);text-decoration:none;white-space:pre">intangible asset, the Group intends to and has sufficient resources to complete development and to use or sell the asset, and it is able to </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:325.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.015em;position:var(--position);text-decoration:none;white-space:pre">measure reliably the expenditure attributable to the intangible asset during its development. The point at which technical feasibility is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:335.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.015em;position:var(--position);text-decoration:none;white-space:pre">determined to have been reached is, generally, when regulatory approval has been received where applicable. Management determines </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:345.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.015em;position:var(--position);text-decoration:none;white-space:pre">that commercial viability has been reached when a clear market and pricing point have been identified, which may coincide with </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:355.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.015em;position:var(--position);text-decoration:none;white-space:pre">achieving meaningful recurring sales. Otherwise, the development expenditure is recognized as incurred in the Consolidated Statement </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:365.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.015em;position:var(--position);text-decoration:none;white-space:pre">of Comprehensive Income/(Loss). As of the balance sheet date, the Group has not capitalized any development costs.</span></div> <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Provisions </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:393.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">A provision is recognized in the Consolidated Statement of Financial Position when the Group has a present legal or constructive </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:403.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">obligation due to a past event that can be reliably measured, and it is probable that an outflow of economic benefits will be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:413.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:423.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">reflects risks specific to the liability.</span></div> <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Leases</span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:451.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">The Group’s leases are virtually all leases of real estate for use in operations. The Group includes options that are reasonably certain to </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:461.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">be exercised as part of the determination of the lease term. The group determines if an arrangement is a lease at inception of the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:471.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">contract in accordance with guidance detailed in IFRS 16. Right-of-use ("ROU") assets represent the Group’s right to use an underlying </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:481.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">asset for the lease term and lease liabilities represent the Group's obligation to make lease payments arising from the lease. Operating </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:491.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">lease ROU assets and lease liabilities are recognized at commencement date based on the present value of the lease payments over </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:501.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">the lease term. As most of the Group's leases do not provide an implicit rate, the Group used its estimated incremental borrowing rate, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:511.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">based on information available at commencement date, in determining the present value of future payments. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:529.54pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group has elected to account for lease payments as an expense on a straight-line basis over the life of the lease for: </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:547.34pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Leases with a term of 12 months or less and containing no purchase options; and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:557.34pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">Leases where the underlying asset has a value of less than </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:270.43pt;position:var(--position);text-decoration:none;white-space:pre">$5,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:294.74pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div>The right-of-use asset is depreciated on a straight-line basis and the related lease liability gives rise to an interest charge. <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Finance Income and Finance Costs </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:603.14pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Finance income consists of interest income on funds invested in money market funds and U.S. treasuries</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:430.54pt;position:var(--position);text-decoration:none;white-space:pre">. Finance income is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:613.14pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">recognized as it is earned. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:140.25pt;position:var(--position);text-decoration:none;white-space:pre">Finance costs consist mainly of loan, notes and lease liability interest expenses, interest expense due to </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:623.14pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">accretion of and adjustment to sale of future royalties liability as well as the changes in the fair value of financial liabilities carried at </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:633.14pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">FVTPL (such changes can consist of finance income when the fair value of such financial liabilities decrease).</span></div> <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Taxation </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:661.14pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Tax on the profit or loss for the year comprises current and deferred income tax. In accordance with IAS 12, tax is recognized in the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:671.14pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated Statement of Comprehensive Income/(Loss) except to the extent that it relates to items recognized directly in equity.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:688.94pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Current income tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:698.94pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">substantially enacted at the reporting date, and any adjustment to tax payable in respect of previous years.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:716.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax is recognized due to temporary differences between the carrying amounts of assets and liabilities for financial reporting </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:726.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">purposes and the amounts used for taxation purposes. Deferred tax assets are recognized for unused tax losses, unused tax credits </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:736.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">and deductible temporary differences to the extent that it is probable that future taxable profits will be available against which they </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:746.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">can be used. Deferred tax assets with respect to investments in associates are recognized only to the extent that it is probable the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:756.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">temporary difference will reverse in the foreseeable future and taxable profit will be available against which the temporary difference </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:766.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">can be utilized. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:776.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">that the related tax benefit will be realized.</span></div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Material Accounting Policies continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">rates enacted or substantively enacted at the reporting date.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:135.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Deferred income tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:145.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">tax liabilities and when the deferred income tax assets and liabilities relate to income taxes levied by the same taxation authority on </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:155.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">either the same taxable entity or different taxable entities where there is an intention to settle the balances on a net basis.</span></div> <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value Measurements </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:183.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group’s accounting policies require that certain financial assets and certain financial liabilities be measured at their fair value.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:201.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:211.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. Fair values are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:221.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">categorized into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows:</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:239.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:249.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:259.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">(i.e. as prices) or indirectly (i.e. derived from prices).</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:269.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">—</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:286.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group recognizes transfers between levels of the fair value hierarchy at the end of the reporting period during which the change </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:296.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">has occurred.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:314.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The carrying amount of cash and cash equivalents, accounts receivable, restricted cash, deposits, accounts payable, accrued </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:324.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">expenses and other current liabilities in the Group’s Consolidated Statement of Financial Position approximates their fair value </span></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">because of the short maturities of these instruments.</span> <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Operating Segments </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:362.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Operating segments are reported in a manner that is consistent with the internal reporting provided to the chief operating decision </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:372.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">maker (“CODM”). The CODM reviews discrete financial information for the operating segments in order to assess their performance </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:382.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and is responsible for making decisions about resources allocated to the segments. The CODM has been identified as the Group’s </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:392.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Board of Directors.</span></div> <div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">2.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">New Standards and Interpretations</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:436.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group has applied the IFRS Interpretations Committee ("Committee")'s agenda decision published by the International </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:446.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Accounting Standards Board in July 2024, for the first time for its reporting period ended December 31, 2025. This Committee </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:456.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">agenda decision clarifies certain requirements for disclosure of revenue and expenses for reporting segments under IFRS 8, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:466.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Operating Segments. The adoption of this Committee agenda decision did not have any impact on the amounts recognized or </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:476.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">disclosed in prior and current periods.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:494.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">In April 2024, IFRS 18, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:140.22pt;position:var(--position);text-decoration:none;white-space:pre">Presentation and Disclosure in Financial Statements</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:334.52pt;position:var(--position);text-decoration:none;white-space:pre"> was issued to achieve comparability of the financial </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:504.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">performance of similar entities. The standard, which replaces IAS 1 </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:308.62pt;position:var(--position);text-decoration:none;white-space:pre">Presentation of Financial Statements,</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:448.18pt;position:var(--position);text-decoration:none;white-space:pre"> impacts the presentation of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:514.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">primary financial statements and notes, including the statement of earnings where companies will be required to present separate </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:524.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">categories of income and expense for operating, investing, and financing activities with prescribed subtotals for each new category. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:534.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The standard will also require management-defined performance measures to be explained and included in a separate note within </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:544.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">the consolidated financial statements. The standard is effective for annual reporting periods beginning on or after January 1, 2027, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:554.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">including interim financial statements, and requires retrospective application. The Group is currently assessing the impact of the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:564.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">new standard.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:582.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">In May 2024, Amendments to IFRS 9 and IFRS 7, Targeted Improvements to Financial Instruments Standards, was issued to clarify the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:592.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">date of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:602.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">settled through an electronic cash transfer system; clarify and add further guidance for assessing whether a financial asset meets the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:612.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">solely payments of principal and interest (SPPI) criterion; add new disclosures for certain instruments with contractual terms that can </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:622.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:632.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">targets); and update the disclosures for equity instruments designated at fair value through other comprehensive income (FVOCI). </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:642.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The standard is effective for annual reporting periods beginning on or after January 1, 2026, including interim financial statements, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:652.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and requires prospective application. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:198.91pt;position:var(--position);text-decoration:none;white-space:pre">The Group does not expect these amendments to have a material impact on the Group's </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:662.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated Financial Statements</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:187.75pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:679.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">On July 18, 2024, IASB issued five standards as a result of IASB’s annual improvements project. IASB uses the annual improvements </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:689.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">process to make necessary, but non-urgent, amendments to IFRS Accounting Standards that will not be included as part of another </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:699.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">major project. The amended standards are: IFRS 1 – First-time Adoption of International Financial Reporting Standards, IFRS 7 and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:709.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">its accompanying Guidance on implementing IFRS 7, IFRS 9, IFRS 10 – Consolidated Financial Statements and IAS 7 – Statement of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:719.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Cash Flows. The effective date for adoption of these amendments is annual reporting periods beginning on or after January 1, 2026, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:729.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and early adoption is permitted. The Group does not</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:256.4pt;position:var(--position);text-decoration:none;white-space:pre"> expect these amendments to have a material impact on the Group's </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:739.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated Financial Statements</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:188.02pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div> <div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">2.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">New Standards and Interpretations</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:436.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group has applied the IFRS Interpretations Committee ("Committee")'s agenda decision published by the International </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:446.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Accounting Standards Board in July 2024, for the first time for its reporting period ended December 31, 2025. This Committee </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:456.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">agenda decision clarifies certain requirements for disclosure of revenue and expenses for reporting segments under IFRS 8, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:466.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Operating Segments. The adoption of this Committee agenda decision did not have any impact on the amounts recognized or </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:476.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">disclosed in prior and current periods.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:494.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">In April 2024, IFRS 18, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:140.22pt;position:var(--position);text-decoration:none;white-space:pre">Presentation and Disclosure in Financial Statements</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:334.52pt;position:var(--position);text-decoration:none;white-space:pre"> was issued to achieve comparability of the financial </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:504.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">performance of similar entities. The standard, which replaces IAS 1 </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:308.62pt;position:var(--position);text-decoration:none;white-space:pre">Presentation of Financial Statements,</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:448.18pt;position:var(--position);text-decoration:none;white-space:pre"> impacts the presentation of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:514.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">primary financial statements and notes, including the statement of earnings where companies will be required to present separate </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:524.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">categories of income and expense for operating, investing, and financing activities with prescribed subtotals for each new category. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:534.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The standard will also require management-defined performance measures to be explained and included in a separate note within </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:544.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">the consolidated financial statements. The standard is effective for annual reporting periods beginning on or after January 1, 2027, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:554.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">including interim financial statements, and requires retrospective application. The Group is currently assessing the impact of the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:564.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">new standard.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:582.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">In May 2024, Amendments to IFRS 9 and IFRS 7, Targeted Improvements to Financial Instruments Standards, was issued to clarify the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:592.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">date of recognition and derecognition of some financial assets and liabilities, with a new exception for some financial liabilities </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:602.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">settled through an electronic cash transfer system; clarify and add further guidance for assessing whether a financial asset meets the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:612.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">solely payments of principal and interest (SPPI) criterion; add new disclosures for certain instruments with contractual terms that can </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:622.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">change cash flows (such as some instruments with features linked to the achievement of environment, social and governance (ESG) </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:632.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">targets); and update the disclosures for equity instruments designated at fair value through other comprehensive income (FVOCI). </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:642.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The standard is effective for annual reporting periods beginning on or after January 1, 2026, including interim financial statements, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:652.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and requires prospective application. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:198.91pt;position:var(--position);text-decoration:none;white-space:pre">The Group does not expect these amendments to have a material impact on the Group's </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:662.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated Financial Statements</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:187.75pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:679.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">On July 18, 2024, IASB issued five standards as a result of IASB’s annual improvements project. IASB uses the annual improvements </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:689.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">process to make necessary, but non-urgent, amendments to IFRS Accounting Standards that will not be included as part of another </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:699.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">major project. The amended standards are: IFRS 1 – First-time Adoption of International Financial Reporting Standards, IFRS 7 and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:709.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">its accompanying Guidance on implementing IFRS 7, IFRS 9, IFRS 10 – Consolidated Financial Statements and IAS 7 – Statement of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:719.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Cash Flows. The effective date for adoption of these amendments is annual reporting periods beginning on or after January 1, 2026, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:729.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and early adoption is permitted. The Group does not</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:256.4pt;position:var(--position);text-decoration:none;white-space:pre"> expect these amendments to have a material impact on the Group's </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:739.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated Financial Statements</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:188.02pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div> <div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">3.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Revenue</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Revenue recorded in the Consolidated Statement of Comprehensive Income/(Loss) consists of the following:</span></div><div style="position:var(--position);top:125.46pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:20.25pt"><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:324.75pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:11.76pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:24.419999999999998pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:62.76pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:64.7pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Contract revenue</span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,315<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">750<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Grant revenue</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">513<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,580<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total revenue</span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,828<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,330<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:189.71pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">All amounts recorded in contract revenue were generated in the United States. </span></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">During the years ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:130.64pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:203.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre">, and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:224.53pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:242.21pt;position:var(--position);text-decoration:none;white-space:pre"> the Group recognized  </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:332.07pt;position:var(--position);text-decoration:none;white-space:pre">$4,659</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:356.38pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:375.12pt;position:var(--position);text-decoration:none;white-space:pre">$315</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:392.8pt;position:var(--position);text-decoration:none;white-space:pre">, respectively in royalty revenue </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:217.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">pursuant to a license agreement executed in 2011 with Karuna Therapeutics, Inc. ("Karuna"). Under the terms of the license </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:227.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">agreement, Karuna and its acquirer Bristol Myers Squibb ("BMS") pays the Group a royalty that amounts to </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:443.56pt;position:var(--position);text-decoration:none;white-space:pre">3%</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:454.9pt;position:var(--position);text-decoration:none;white-space:pre"> of annual net sales </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:237.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">of Cobenfy.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:255.31pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">During the year ended </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:127.02pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:202.21pt;position:var(--position);text-decoration:none;white-space:pre">, the Group achieved and received a </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:341.32pt;position:var(--position);text-decoration:none;white-space:pre">$4,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:365.63pt;position:var(--position);text-decoration:none;white-space:pre"> milestone payment from BMS following the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:265.31pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">approval by the U.S. Food and Drug Administration ("FDA") to market KarXT as Cobenfy, pursuant to the license agreement </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:275.31pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">discussed above. This milestone payment was recognized as contract revenue during the year ended </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:420.95pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:496.14pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group’s contract related to contract revenue for the year ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:298.21999999999997pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:371.16pt;position:var(--position);text-decoration:none;white-space:pre"> was determined to have a single </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:303.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">performance obligation which consisted of a deliverable of research and development services. For such contract, revenue was </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:313.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">recognized over time based on the input method which the Group believes is a faithful depiction of the transfer of goods and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:323.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">services. Progress was measured based on costs incurred to date as compared to total projected costs. Payments for such contract </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:333.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">were primarily made up-front on a periodic basis. </span></div><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Disaggregated Revenue</span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:361.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group disaggregates contract revenue in a manner that depicts how the nature, amount, timing, and uncertainty of revenue and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:371.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">cash flows are affected by economic factors. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:207.72pt;position:var(--position);text-decoration:none;white-space:pre">The Group disaggregates revenue based on contract revenue or grant revenue, and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:381.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">further disaggregates contract revenue based on the transfer of control of the underlying performance obligations.</span></div><div style="position:var(--position);top:398.91pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:20.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:324.75pt"><div><div style="line-height:7pt;position:var(--position);top:3.36pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Timing of contract revenue recognition</span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:11.76pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">for the </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.599999999999998pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:60.94pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:62.879999999999995pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Transferred at a point in time</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,315<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Transferred over time</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">750<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,315<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">750<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:467.61pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:20.25pt"><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:324.75pt"><div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Customers over 10% of revenue</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Customer A</span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">750<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Customer B</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,315<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,315<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">750<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Accounts receivable represent rights to consideration in exchange for services that have been transferred by the Group, when </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:541.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">payment is unconditional and only the passage of time is required before payment is due. Accounts receivable do not bear interest </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:551.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">and are recorded at the invoiced amount. Accounts receivable are included within trade and other receivables on the Consolidated </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:561.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Statement of Financial Position. The accounts receivable related to contract revenue were </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:378.9pt;position:var(--position);text-decoration:none;white-space:pre">$1,517</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:403.21pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:421.95pt;position:var(--position);text-decoration:none;white-space:pre">$868</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:439.63pt;position:var(--position);text-decoration:none;white-space:pre"> as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:461.84pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:534.78pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.22pt;position:var(--position);text-decoration:none;white-space:pre">2024</span>, respectively. <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Revenue recorded in the Consolidated Statement of Comprehensive Income/(Loss) consists of the following:</span><div style="position:var(--position);top:125.46pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:20.25pt"><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:324.75pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:11.76pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:24.419999999999998pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:62.76pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:64.7pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Contract revenue</span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,315<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">750<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Grant revenue</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">513<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,580<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total revenue</span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,828<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,330<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 4659000 4315000 750000 0 513000 2580000 4659000 4828000 3330000 4659000 315000 0.03 4000000 <div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:20.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:324.75pt"><div><div style="line-height:7pt;position:var(--position);top:3.36pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Timing of contract revenue recognition</span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:11.76pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">for the </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.599999999999998pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:60.94pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:62.879999999999995pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Transferred at a point in time</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,315<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Transferred over time</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">750<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,315<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">750<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div><div style="position:var(--position);top:467.61pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:20.25pt"><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:324.75pt"><div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Customers over 10% of revenue</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Customer A</span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">750<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Customer B</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,315<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,315<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">750<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 4659000 4315000 0 0 0 750000 4659000 4315000 750000 0 0 750000 4659000 4315000 0 4659000 4315000 750000 1517000 868000 <div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">4.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Segment Information</span></div></div></div></td></tr></tbody></table></div></div><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Basis for Segmentation </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Directors are the Group’s chief operating decision-makers. The Group’s operating segments are determined based on the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">financial information provided to the Board of Directors periodically for the purposes of allocating resources and assessing </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">performance. The Group has determined each of its Wholly-Owned programs represents an operating segment and the Group has </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">aggregated each of these operating segments into </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:251.19pt;position:var(--position);text-decoration:none;white-space:pre">one</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:265.66999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> reportable segment, the Wholly-Owned segment. Each of the Group’s </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:157.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Controlled Founded Entities represents an operating segment. The Group aggregates each Controlled Founded Entity operating </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:167.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">segment into </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:108.78pt;position:var(--position);text-decoration:none;white-space:pre">one</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:123.25999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> reportable segment, the Controlled Founded Entities segment. The aggregation is based on the high level of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:177.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">operational and financial similarities of the operating segments. For the Group’s entities that do not meet the definition of an </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:187.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">operating segment, the Group presents this information in the Parent Company and Other column in its segment footnote to </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:197.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">reconcile the information in this footnote to the Consolidated Financial Statements. Substantially all of the Group’s revenue and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:207.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">profit generating activities are generated within the United States and, accordingly, no geographical disclosures are provided. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:225.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Following is the description of the Group's reportable segments:</span></div><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Wholly-Owned Segment</span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:253.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Wholly-Owned segment is advancing Wholly-Owned programs which are focused on treatments for patients with devastating </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:263.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">diseases. The Wholly-Owned segment is comprised of the technologies that are wholly-owned and will be advanced through </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:273.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">with either the Group's funding or non-dilutive sources of financing. The operational management of the Wholly-Owned segment </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:283.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">is conducted by the PureTech Health team, which is responsible for the strategy, business development, and research </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:293.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and development. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:311.46pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Controlled Founded Entities Segment</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:321.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Controlled Founded Entities segment is comprised of the Group’s consolidated operational subsidiaries as of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:487.21999999999997pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:331.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:75.57pt;position:var(--position);text-decoration:none;white-space:pre"> that either have, or have plans to hire, independent management teams and currently have already raised third-party dilutive </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:341.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">capital. These subsidiaries have active research and development programs and have an equity or debt investment partner, who </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:351.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">will provide additional industry knowledge and access to networks, as well as additional funding to continue the pursued growth </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:361.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">of the entity. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:379.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group’s entities that were determined not to meet the definition of an operating segment are included in the Parent Company </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:389.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and Other column to reconcile the information in this footnote to the Consolidated Financial Statements. This column captures </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:399.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">activities not directly attributable to the Group's operating segments and includes the activities of the Parent, corporate support </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:409.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">functions, certain research and development support functions that are not directly attributable to a strategic business segment as </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:419.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">well as the elimination of intercompany transactions. This column also captures the operating results for the deconsolidated entities </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:429.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">through the date of deconsolidation (e.g. Seaport in 2024, and Vedanta in 2023) and accounting for the Group's holdings in </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:439.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Founded Entities for which control has been lost, which primarily represent: the activity associated with deconsolidating an entity </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:449.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">when the Group no longer controls the entity, the gain or loss on the Group's investments accounted for at fair value (e.g. the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:459.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Group's ownership stakes in Seaport, Vedanta, and Sonde) and the Group's net income or loss of associates accounted for using </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:469.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">the equity method. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:487.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The term "Founded Entities" refers to entities which the Group incorporated and announced the incorporation as a Founded Entity </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:497.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">externally. It includes certain of the Group’s wholly-owned subsidiaries which have been announced by the Group as Founded </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:507.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Entities, Controlled Founded Entities and deconsolidated Founded Entities.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:525.06pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Changes within the Reportable Segments</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:535.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">There was no change to the reportable segments in 2025 or 2024, except for the changes to the composition of the reportable </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:545.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">segments as described below.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:563.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">In August 2025, the Group announced a new Founded Entity, Celea Therapeutics ("Celea") to advance our deupirfenidone (LYT-100) </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:573.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">program if external funding is secured. The financial results of this program, which is currently housed within PureTech LYT 100, Inc. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:583.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">were included in the Wholly-Owned segment as of and for the year ended December 31, 2025. Upon raising dilutive third-party </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:593.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">financing, the financial results of this program will be included in the Controlled Founded Entities segment or Parent and Other </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:603.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">column depending on if the Group maintains control over this entity.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:620.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">In January 2024, the Group launched </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:197.14pt;position:var(--position);text-decoration:none;white-space:pre">two</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:210.99pt;position:var(--position);text-decoration:none;white-space:pre"> new Founded Entities (Seaport Therapeutics "Seaport" and Gallop Oncology "Gallop") to </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:630.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">advance certain programs from the Wholly-Owned segment. The financial results of these programs were included in the Wholly-</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:640.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Owned segment as of and for the year ended December 31, 2023. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:658.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Seaport was deconsolidated on October 18, 2024 upon the completion of its Series B preferred share financing. The financial results </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:668.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">of Seaport through the date of deconsolidation are included within the Parent Company and Other column as of December 31, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:678.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">2024. It is impracticable for the Group to recast its segment results for the year ended December 31, 2023 as the cost to develop </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:688.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">the information would be excessive. However, as Seaport is a pre-commercial, clinical-stage biopharmaceutical company, it </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:698.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">primarily performs research and development activities. Seaport incurred direct research and development expenses of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:507.59pt;position:var(--position);text-decoration:none;white-space:pre">$8,843</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:531.9pt;position:var(--position);text-decoration:none;white-space:pre"> for </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:708.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">the year ended December 31, 2023, which are included in the Wholly-Owned segment. Seaport incurred direct research and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:718.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">development expenses of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:156.6pt;position:var(--position);text-decoration:none;white-space:pre">$5,061</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:180.91pt;position:var(--position);text-decoration:none;white-space:pre"> for the year ended December 31, 2024, prior to its deconsolidation from the Group’s Consolidated </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:728.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Financial Statements.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:746.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">As Gallop has not raised dilutive third-party financing as of December 31, 2025, the financial results of Gallop were included in the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:756.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Wholly-Owned segment as of and for the years ended December 31, 2025 and 2024. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:774.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31, 2024, Alivio was dormant and did not meet the definition of operating segment. Therefore, the financial results </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:784.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">of Alivio were removed from the Wholly-Owned segment and are included in the Parent Company and Other column. The </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:794.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">corresponding information for 2023 has been restated </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:262.1pt;position:var(--position);text-decoration:none;white-space:pre">to include Alivio in the Parent Company and Other column so that the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:804.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">segment disclosures are presented on a comparable basis.</span></div><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">4.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Segment Information continued</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group’s Board of Directors reviews segment performance and allocates resources based upon revenue, operating loss as well </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">as the funds available for each segment. The Board of Directors does not review any other information for purposes of assessing </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">segment performance or allocating resources. </span></div><div style="position:var(--position);top:137.66pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:267pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);width:228pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:228pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:49.02pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended December 31, </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:162.42000000000002pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:45pt"><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:19.71pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:5.93pt;position:var(--position);text-decoration:none;white-space:pre">Wholly-Owned </span></div><div style="line-height:7pt;position:var(--position);top:28.11pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:25.11pt;position:var(--position);text-decoration:none;white-space:pre">Segment</span></div><div style="line-height:7pt;position:var(--position);top:36.51pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.91pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:19.53pt;position:var(--position);text-decoration:none;white-space:pre">Controlled </span></div><div style="line-height:7pt;position:var(--position);top:11.31pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:25.24pt;position:var(--position);text-decoration:none;white-space:pre">Founded </span></div><div style="line-height:7pt;position:var(--position);top:19.71pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:29.9pt;position:var(--position);text-decoration:none;white-space:pre">Entities </span></div><div style="line-height:7pt;position:var(--position);top:28.11pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:25.11pt;position:var(--position);text-decoration:none;white-space:pre">Segment</span></div><div style="line-height:7pt;position:var(--position);top:36.51pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:11.31pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:32.89pt;position:var(--position);text-decoration:none;white-space:pre">Parent </span></div><div style="line-height:7pt;position:var(--position);top:19.71pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:9.18pt;position:var(--position);text-decoration:none;white-space:pre">Company and</span></div><div style="line-height:7pt;position:var(--position);top:28.11pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:35.08pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div><div style="line-height:7pt;position:var(--position);top:36.51pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:28.11pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:10.99pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated</span></div><div style="line-height:7pt;position:var(--position);top:36.51pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:56.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Contract revenue</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:56.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:56.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:56.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:56.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:67.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total revenue</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:67.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:67.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:67.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:67.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative expenses</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:78.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(11,401)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:78.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(120)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:78.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(35,097)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:78.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(46,618)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Research and development expenses</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:90pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(55,900)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:90pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(701)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:90pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">34<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:90pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(56,567)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total operating expenses</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:101.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(67,301)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:101.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(821)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:101.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(35,063)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:101.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.91pt"></span></span><span style="left:18.54pt;position:var(--position)">(103,185)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:112.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Operating income/(loss)</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:112.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(67,301)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:112.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(821)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:112.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(30,405)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:112.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(98,527)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:123.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income/(expenses) not allocated to segments</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:8.3pt;position:var(--position);text-decoration:none;white-space:pre">Other income/(expense):</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:146.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on investment held at fair value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:146.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">38,485<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:157.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Realized gain/(loss) on sale of investments</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:157.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">375<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:168.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on investment in notes from associates</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:168.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(3,628)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:180pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Other income/(expense)</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:180pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,331<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:191.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total other income/(expense)</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:191.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">36,564<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:202.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Net finance income/(costs)</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:202.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(32,735)</span></span></div></div></div></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:213.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.56pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share of net income/(loss) of associates accounted for using the </span></div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">equity method</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:213.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(17,928)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:235.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain on dilution of ownership interest in associate</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:235.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,699<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:246.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income/(loss) before taxes</span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:246.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.91pt"></span></span><span style="left:18.54pt;position:var(--position)">(110,927)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.5pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:0.25pt solid #001544;border-top:0.5pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:258pt;width:228pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:228pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:91.02pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:137.37pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:139.44pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:269.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Available Funds</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:280.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:8.3pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:280.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">6,361<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:280.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">116<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:280.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">245,993<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:280.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">252,470<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:291.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:8.3pt;position:var(--position);text-decoration:none;white-space:pre">Short-term Investments</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:291.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:291.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:291.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">24,829<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:291.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">24,829<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:303pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:8.3pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated cash, cash equivalents and short-term investments</span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:303pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">6,361<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:303pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">116<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:303pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">270,822<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:303pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">277,299<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">4.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Segment Information continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:110.66pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:264pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:231.75pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:231.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:54.09pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended December 31, </span><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:162.10000000000002pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:47.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="height:47.25pt;left:264pt;overflow:hidden;position:var(--position);top:11.25pt;width:60.75pt"><div><div style="line-height:7pt;position:var(--position);top:21.96pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:11.49pt;position:var(--position);text-decoration:none;white-space:pre">Wholly-Owned  </span></div><div style="line-height:7pt;position:var(--position);top:30.36pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.01pt;position:var(--position);text-decoration:none;white-space:pre">Segment</span></div><div style="line-height:7pt;position:var(--position);top:38.76pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:54.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:5.16pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:21.1pt;position:var(--position);text-decoration:none;white-space:pre">Controlled </span></div><div style="line-height:7pt;position:var(--position);top:13.56pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:26.12pt;position:var(--position);text-decoration:none;white-space:pre">Founded </span></div><div style="line-height:7pt;position:var(--position);top:21.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:31.46pt;position:var(--position);text-decoration:none;white-space:pre">Entities </span></div><div style="line-height:7pt;position:var(--position);top:30.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:26.26pt;position:var(--position);text-decoration:none;white-space:pre">Segment</span></div><div style="line-height:7pt;position:var(--position);top:38.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:13.56pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:34.31pt;position:var(--position);text-decoration:none;white-space:pre">Parent</span></div><div style="line-height:7pt;position:var(--position);top:21.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:10.45pt;position:var(--position);text-decoration:none;white-space:pre">Company and</span></div><div style="line-height:7pt;position:var(--position);top:30.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:36.12pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div><div style="line-height:7pt;position:var(--position);top:38.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:30.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:12.54pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated</span></div><div style="line-height:7pt;position:var(--position);top:38.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Contract revenue</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:58.5pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.66pt"></span></span><span style="left:49.29pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,315<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,315<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69.75pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Grant revenue</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:69.75pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.9pt"></span></span><span style="left:44.53pt;position:var(--position)">513<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">513<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total revenue</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:81pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.9pt"></span></span><span style="left:44.53pt;position:var(--position)">513<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,315<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,828<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative expenses</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:92.25pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.06pt"></span></span><span style="left:35.690000000000005pt;position:var(--position)">(8,888)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(173)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(62,408)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(71,469)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Research and development expenses</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:103.5pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.64pt"></span></span><span style="left:31.27pt;position:var(--position)">(56,849)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(672)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(11,933)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(69,454)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total operating expenses</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:114.75pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.64pt"></span></span><span style="left:31.27pt;position:var(--position)">(65,737)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(845)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(74,341)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.47pt"></span></span><span style="left:23.099999999999998pt;position:var(--position)">(140,923)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Operating income/(loss)</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:126pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.64pt"></span></span><span style="left:31.27pt;position:var(--position)">(65,224)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(845)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(70,026)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.47pt"></span></span><span style="left:23.099999999999998pt;position:var(--position)">(136,095)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:137.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income/(expenses) not allocated to segments</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:148.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:8.3pt;position:var(--position);text-decoration:none;white-space:pre">Other income/(expense):</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:159.75pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Gain on deconsolidation</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:159.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">151,808<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on investment held at fair value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:171pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(2,398)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:182.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Realized gain/(loss) on sale of investments</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:182.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">151<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:193.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on investment in notes from associates</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:193.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">13,131<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:204.75pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Other income/(expense)</span></div></div></div></td><td style="border-bottom:0.25pt solid #0a2299;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:204.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">961<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:216pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total other income/(expense)</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #0a2299;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:216pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">163,652<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:227.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Net finance income/(costs)</span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:227.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,773<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:238.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.56pt;width:264pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share of net income/(loss) of associates accounted for using the </span></div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:264pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">equity method</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:238.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(8,754)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:260.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain on dilution of ownership interest in associate</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:260.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">199<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:271.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income/(loss) before taxes </span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:271.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">23,774<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:282.75pt;width:231.75pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:231.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:77.02pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:94.64999999999999pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:294pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Available Funds</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:305.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:8.3pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:305.25pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.27pt"></span></span><span style="left:37.900000000000006pt;position:var(--position)">9,062<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:305.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">432<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:305.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">271,148<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:305.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">280,641<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:316.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:8.3pt;position:var(--position);text-decoration:none;white-space:pre">Short-term Investments</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:316.5pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.66pt"></span></span><span style="left:49.29pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:316.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:316.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">86,666<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:316.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">86,666<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:327.75pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:8.3pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated cash, cash equivalents and short-term investments</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:327.75pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.27pt"></span></span><span style="left:37.900000000000006pt;position:var(--position)">9,062<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:327.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">432<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:327.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">357,814<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:327.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">367,307<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:267pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:18.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);width:228pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.26pt;width:228pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:52.21pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended December 31, </span><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:160.22pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:47.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:18.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:21.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:7.74pt;position:var(--position);text-decoration:none;white-space:pre">Wholly-Owned </span></div><div style="line-height:7pt;position:var(--position);top:30.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:26.26pt;position:var(--position);text-decoration:none;white-space:pre">Segment</span></div><div style="line-height:7pt;position:var(--position);top:38.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:18.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:5.16pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:21.1pt;position:var(--position);text-decoration:none;white-space:pre">Controlled </span></div><div style="line-height:7pt;position:var(--position);top:13.56pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:26.12pt;position:var(--position);text-decoration:none;white-space:pre">Founded </span></div><div style="line-height:7pt;position:var(--position);top:21.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:31.46pt;position:var(--position);text-decoration:none;white-space:pre">Entities </span></div><div style="line-height:7pt;position:var(--position);top:30.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:26.26pt;position:var(--position);text-decoration:none;white-space:pre">Segment</span></div><div style="line-height:7pt;position:var(--position);top:38.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:18.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:13.56pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:34.31pt;position:var(--position);text-decoration:none;white-space:pre">Parent</span></div><div style="line-height:7pt;position:var(--position);top:21.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:10.45pt;position:var(--position);text-decoration:none;white-space:pre">Company and</span></div><div style="line-height:7pt;position:var(--position);top:30.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:36.12pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div><div style="line-height:7pt;position:var(--position);top:38.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:18.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:30.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:12.54pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated</span></div><div style="line-height:7pt;position:var(--position);top:38.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Contract revenue</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:66pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:66pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">750<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:66pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:66pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">750<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Grant revenue</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:77.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">270<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:77.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:77.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,310<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:77.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,580<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total revenue</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:88.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">270<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:88.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">750<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:88.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,310<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:88.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,330<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative expenses</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:99.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(13,203)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:99.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(562)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:99.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(39,530)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:99.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(53,295)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Research and development expenses</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:111pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(87,069)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:111pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(672)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:111pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(8,494)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:111pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(96,235)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total operating expenses</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:122.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.47pt"></span></span><span style="left:23.099999999999998pt;position:var(--position)">(100,272)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:122.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(1,233)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:122.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(48,024)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:122.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.47pt"></span></span><span style="left:23.099999999999998pt;position:var(--position)">(149,530)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:133.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Operating income/(loss)</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:133.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.47pt"></span></span><span style="left:23.099999999999998pt;position:var(--position)">(100,002)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:133.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(483)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:133.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(45,714)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:133.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.47pt"></span></span><span style="left:23.099999999999998pt;position:var(--position)">(146,199)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:144.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income/(expenses) not allocated to segments</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:156pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:8.3pt;position:var(--position);text-decoration:none;white-space:pre">Other income/(expense):</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:167.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Gain on deconsolidation</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:167.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">61,787<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:178.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on investment held at fair value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:178.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">77,945<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Realized gain/(loss) on sale of investments</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:189.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(122)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:201pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on investment in notes from associates</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:201pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(27,630)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:212.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Other income/(expense)</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:212.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(908)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #0a2299;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:223.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total other income/(expense)</span></div></div></div></td><td style="border-bottom:0.25pt solid #0a2299;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #0a2299;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #0a2299;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #0a2299;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:223.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">111,072<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #0a2299;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:234.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Net finance income/(costs)</span></div></div></div></td><td style="border-top:0.25pt solid #0a2299;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #0a2299;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #0a2299;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #0a2299;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:234.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">5,078<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:246pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.56pt;width:267pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share of net income/(loss) of associates accounted for using the </span></div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:267pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">equity method</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:246pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(6,055)</span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:267.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income/(loss) before taxes</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:267.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(36,103)</span></span></div></div></div></td></tr></tbody></table></div></div> 1 1 2 8843000 5061000 <div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:267pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);width:228pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:228pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:49.02pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended December 31, </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:162.42000000000002pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:45pt"><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:19.71pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:5.93pt;position:var(--position);text-decoration:none;white-space:pre">Wholly-Owned </span></div><div style="line-height:7pt;position:var(--position);top:28.11pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:25.11pt;position:var(--position);text-decoration:none;white-space:pre">Segment</span></div><div style="line-height:7pt;position:var(--position);top:36.51pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.91pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:19.53pt;position:var(--position);text-decoration:none;white-space:pre">Controlled </span></div><div style="line-height:7pt;position:var(--position);top:11.31pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:25.24pt;position:var(--position);text-decoration:none;white-space:pre">Founded </span></div><div style="line-height:7pt;position:var(--position);top:19.71pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:29.9pt;position:var(--position);text-decoration:none;white-space:pre">Entities </span></div><div style="line-height:7pt;position:var(--position);top:28.11pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:25.11pt;position:var(--position);text-decoration:none;white-space:pre">Segment</span></div><div style="line-height:7pt;position:var(--position);top:36.51pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:11.31pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:32.89pt;position:var(--position);text-decoration:none;white-space:pre">Parent </span></div><div style="line-height:7pt;position:var(--position);top:19.71pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:9.18pt;position:var(--position);text-decoration:none;white-space:pre">Company and</span></div><div style="line-height:7pt;position:var(--position);top:28.11pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:35.08pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div><div style="line-height:7pt;position:var(--position);top:36.51pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:28.11pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:10.99pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated</span></div><div style="line-height:7pt;position:var(--position);top:36.51pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:56.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Contract revenue</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:56.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:56.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:56.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:56.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:67.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total revenue</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:67.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:67.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:67.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:67.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,659<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:78.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative expenses</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:78.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(11,401)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:78.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(120)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:78.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(35,097)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:78.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(46,618)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Research and development expenses</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:90pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(55,900)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:90pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(701)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:90pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">34<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:90pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(56,567)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total operating expenses</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:101.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(67,301)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:101.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(821)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:101.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(35,063)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:101.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.91pt"></span></span><span style="left:18.54pt;position:var(--position)">(103,185)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:112.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Operating income/(loss)</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:112.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(67,301)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:112.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(821)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:112.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(30,405)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:112.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(98,527)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:123.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income/(expenses) not allocated to segments</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:8.3pt;position:var(--position);text-decoration:none;white-space:pre">Other income/(expense):</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:146.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on investment held at fair value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:146.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">38,485<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:157.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Realized gain/(loss) on sale of investments</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:157.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">375<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:168.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on investment in notes from associates</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:168.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(3,628)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:180pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Other income/(expense)</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:180pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,331<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:191.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total other income/(expense)</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:191.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">36,564<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:202.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Net finance income/(costs)</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:202.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(32,735)</span></span></div></div></div></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:213.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.56pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share of net income/(loss) of associates accounted for using the </span></div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">equity method</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:213.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(17,928)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:235.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain on dilution of ownership interest in associate</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:235.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,699<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:246.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income/(loss) before taxes</span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:246.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.91pt"></span></span><span style="left:18.54pt;position:var(--position)">(110,927)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.5pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:0.25pt solid #001544;border-top:0.5pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:258pt;width:228pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:228pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:72pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:91.02pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:137.37pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:139.44pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:269.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Available Funds</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:280.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:8.3pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:280.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">6,361<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:280.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">116<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:280.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">245,993<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:280.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">252,470<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:291.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:8.3pt;position:var(--position);text-decoration:none;white-space:pre">Short-term Investments</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:291.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:291.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:291.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">24,829<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:291.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">24,829<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:303pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:8.3pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated cash, cash equivalents and short-term investments</span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:303pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">6,361<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:303pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">116<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:303pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">270,822<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:303pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">277,299<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">4.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Segment Information continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:110.66pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:264pt"></td><td style="padding:0;width:60.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:231.75pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:231.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:54.09pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended December 31, </span><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:162.10000000000002pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:47.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="height:47.25pt;left:264pt;overflow:hidden;position:var(--position);top:11.25pt;width:60.75pt"><div><div style="line-height:7pt;position:var(--position);top:21.96pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:11.49pt;position:var(--position);text-decoration:none;white-space:pre">Wholly-Owned  </span></div><div style="line-height:7pt;position:var(--position);top:30.36pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.01pt;position:var(--position);text-decoration:none;white-space:pre">Segment</span></div><div style="line-height:7pt;position:var(--position);top:38.76pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:54.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:5.16pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:21.1pt;position:var(--position);text-decoration:none;white-space:pre">Controlled </span></div><div style="line-height:7pt;position:var(--position);top:13.56pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:26.12pt;position:var(--position);text-decoration:none;white-space:pre">Founded </span></div><div style="line-height:7pt;position:var(--position);top:21.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:31.46pt;position:var(--position);text-decoration:none;white-space:pre">Entities </span></div><div style="line-height:7pt;position:var(--position);top:30.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:26.26pt;position:var(--position);text-decoration:none;white-space:pre">Segment</span></div><div style="line-height:7pt;position:var(--position);top:38.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:13.56pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:34.31pt;position:var(--position);text-decoration:none;white-space:pre">Parent</span></div><div style="line-height:7pt;position:var(--position);top:21.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:10.45pt;position:var(--position);text-decoration:none;white-space:pre">Company and</span></div><div style="line-height:7pt;position:var(--position);top:30.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:36.12pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div><div style="line-height:7pt;position:var(--position);top:38.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:30.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:12.54pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated</span></div><div style="line-height:7pt;position:var(--position);top:38.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Contract revenue</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:58.5pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.66pt"></span></span><span style="left:49.29pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,315<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,315<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69.75pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Grant revenue</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:69.75pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.9pt"></span></span><span style="left:44.53pt;position:var(--position)">513<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">513<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total revenue</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:81pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.9pt"></span></span><span style="left:44.53pt;position:var(--position)">513<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,315<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,828<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative expenses</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:92.25pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.06pt"></span></span><span style="left:35.690000000000005pt;position:var(--position)">(8,888)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(173)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(62,408)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(71,469)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Research and development expenses</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:103.5pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.64pt"></span></span><span style="left:31.27pt;position:var(--position)">(56,849)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(672)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(11,933)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(69,454)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total operating expenses</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:114.75pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.64pt"></span></span><span style="left:31.27pt;position:var(--position)">(65,737)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(845)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(74,341)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.47pt"></span></span><span style="left:23.099999999999998pt;position:var(--position)">(140,923)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Operating income/(loss)</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:126pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.64pt"></span></span><span style="left:31.27pt;position:var(--position)">(65,224)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(845)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(70,026)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.47pt"></span></span><span style="left:23.099999999999998pt;position:var(--position)">(136,095)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:137.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income/(expenses) not allocated to segments</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:148.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:8.3pt;position:var(--position);text-decoration:none;white-space:pre">Other income/(expense):</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:159.75pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Gain on deconsolidation</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:159.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">151,808<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on investment held at fair value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:171pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(2,398)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:182.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Realized gain/(loss) on sale of investments</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:182.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">151<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:193.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on investment in notes from associates</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:193.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">13,131<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:204.75pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Other income/(expense)</span></div></div></div></td><td style="border-bottom:0.25pt solid #0a2299;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:204.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">961<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:216pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total other income/(expense)</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #0a2299;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:216pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">163,652<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:227.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Net finance income/(costs)</span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:227.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,773<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:238.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.56pt;width:264pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share of net income/(loss) of associates accounted for using the </span></div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:264pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">equity method</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:238.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(8,754)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:260.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain on dilution of ownership interest in associate</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:260.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">199<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:271.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income/(loss) before taxes </span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:271.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">23,774<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:282.75pt;width:231.75pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:231.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:77.02pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:94.64999999999999pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:294pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Available Funds</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:305.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:8.3pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:305.25pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.27pt"></span></span><span style="left:37.900000000000006pt;position:var(--position)">9,062<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:305.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">432<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:305.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">271,148<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:305.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">280,641<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:316.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:8.3pt;position:var(--position);text-decoration:none;white-space:pre">Short-term Investments</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:316.5pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.66pt"></span></span><span style="left:49.29pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:316.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:316.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">86,666<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:316.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">86,666<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:327.75pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:8.3pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated cash, cash equivalents and short-term investments</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:327.75pt;width:60.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.27pt"></span></span><span style="left:37.900000000000006pt;position:var(--position)">9,062<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:327.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">432<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:327.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">357,814<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:327.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">367,307<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:267pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:18.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);width:228pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.26pt;width:228pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:52.21pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended December 31, </span><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:160.22pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:47.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:18.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:21.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:7.74pt;position:var(--position);text-decoration:none;white-space:pre">Wholly-Owned </span></div><div style="line-height:7pt;position:var(--position);top:30.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:26.26pt;position:var(--position);text-decoration:none;white-space:pre">Segment</span></div><div style="line-height:7pt;position:var(--position);top:38.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:18.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:5.16pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:21.1pt;position:var(--position);text-decoration:none;white-space:pre">Controlled </span></div><div style="line-height:7pt;position:var(--position);top:13.56pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:26.12pt;position:var(--position);text-decoration:none;white-space:pre">Founded </span></div><div style="line-height:7pt;position:var(--position);top:21.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:31.46pt;position:var(--position);text-decoration:none;white-space:pre">Entities </span></div><div style="line-height:7pt;position:var(--position);top:30.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:26.26pt;position:var(--position);text-decoration:none;white-space:pre">Segment</span></div><div style="line-height:7pt;position:var(--position);top:38.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:18.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:13.56pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:34.31pt;position:var(--position);text-decoration:none;white-space:pre">Parent</span></div><div style="line-height:7pt;position:var(--position);top:21.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:10.45pt;position:var(--position);text-decoration:none;white-space:pre">Company and</span></div><div style="line-height:7pt;position:var(--position);top:30.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:36.12pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div><div style="line-height:7pt;position:var(--position);top:38.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:18.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:30.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:12.54pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated</span></div><div style="line-height:7pt;position:var(--position);top:38.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Contract revenue</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:66pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:66pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">750<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:66pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:66pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">750<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Grant revenue</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:77.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">270<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:77.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:77.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,310<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:77.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,580<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total revenue</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:88.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">270<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:88.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">750<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:88.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,310<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:88.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,330<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative expenses</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:99.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(13,203)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:99.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(562)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:99.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(39,530)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:99.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(53,295)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Research and development expenses</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:111pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(87,069)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:111pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(672)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:111pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(8,494)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:111pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(96,235)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total operating expenses</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:122.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.47pt"></span></span><span style="left:23.099999999999998pt;position:var(--position)">(100,272)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:122.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(1,233)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:122.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(48,024)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:122.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.47pt"></span></span><span style="left:23.099999999999998pt;position:var(--position)">(149,530)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:133.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Operating income/(loss)</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:133.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.47pt"></span></span><span style="left:23.099999999999998pt;position:var(--position)">(100,002)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:133.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(483)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:133.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(45,714)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:133.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.47pt"></span></span><span style="left:23.099999999999998pt;position:var(--position)">(146,199)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:144.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income/(expenses) not allocated to segments</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:156pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:8.3pt;position:var(--position);text-decoration:none;white-space:pre">Other income/(expense):</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:167.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Gain on deconsolidation</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:167.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">61,787<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:178.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on investment held at fair value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:178.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">77,945<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Realized gain/(loss) on sale of investments</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:189.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(122)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:201pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on investment in notes from associates</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:201pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(27,630)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:212.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:13.97pt;position:var(--position);text-decoration:none;white-space:pre">Other income/(expense)</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:212.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(908)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #0a2299;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:223.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total other income/(expense)</span></div></div></div></td><td style="border-bottom:0.25pt solid #0a2299;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #0a2299;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #0a2299;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #0a2299;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:223.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">111,072<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #0a2299;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:234.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Net finance income/(costs)</span></div></div></div></td><td style="border-top:0.25pt solid #0a2299;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #0a2299;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #0a2299;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #0a2299;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:234.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">5,078<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:246pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.56pt;width:267pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share of net income/(loss) of associates accounted for using the </span></div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:267pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">equity method</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:246pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(6,055)</span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:267.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income/(loss) before taxes</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:267.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(36,103)</span></span></div></div></div></td></tr></tbody></table></div></div> 0 0 4659000 4659000 0 0 4659000 4659000 11401000 120000 35097000 46618000 55900000 701000 -34000 56567000 67301000 821000 35063000 103185000 -67301000 -821000 -30405000 -98527000 38485000 375000 -3628000 1331000 36564000 -32735000 -17928000 1699000 -110927000 6361000 116000 245993000 252470000 0 0 24829000 24829000 6361000 116000 270822000 277299000 0 0 4315000 4315000 513000 0 0 513000 513000 0 4315000 4828000 8888000 173000 62408000 71469000 56849000 672000 11933000 69454000 65737000 845000 74341000 140923000 -65224000 -845000 -70026000 -136095000 151808000 -2398000 151000 13131000 961000 163652000 4773000 -8754000 199000 23774000 9062000 432000 271148000 280641000 0 0 86666000 86666000 9062000 432000 357814000 367307000 0 750000 0 750000 270000 0 2310000 2580000 270000 750000 2310000 3330000 13203000 562000 39530000 53295000 87069000 672000 8494000 96235000 100272000 1233000 48024000 149530000 -100002000 -483000 -45714000 -146199000 61787000 77945000 -122000 -27630000 -908000 111072000 5078000 -6055000 -36103000 <div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">5.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Investments Held at Fair Value</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Investments held at fair value include both unlisted and listed securities held by the Group. These investments, which include </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">interests in Seaport, Vedanta and Sonde along with other insignificant investments as of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:371.73pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:446.92pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:451.64pt;position:var(--position);text-decoration:none;white-space:pre">are initially measured </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">at fair value, and are subsequently re-measured at fair value at each reporting date with changes in fair value recorded through </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">profit and loss. See Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:135.39pt;position:var(--position);text-decoration:none;white-space:pre">19. Financial Instruments</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:228.1pt;position:var(--position);text-decoration:none;white-space:pre"> for information regarding the valuation of these instruments. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:459.58pt;position:var(--position);text-decoration:none;white-space:pre">Activities related to </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">such investments during the periods are shown below:</span></div><div style="position:var(--position);top:160.66pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:336pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:53.25pt"></td></tr><tr style="height:36pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);width:53.25pt"><div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:5.92pt;position:var(--position);text-decoration:none;white-space:pre">Balance under </span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:31.02pt;position:var(--position);text-decoration:none;white-space:pre">IFRS 9</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);width:53.25pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:4.52pt;position:var(--position);text-decoration:none;white-space:pre">Equity method </span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:8.41pt;position:var(--position);text-decoration:none;white-space:pre">loss recorded </span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:16.93pt;position:var(--position);text-decoration:none;white-space:pre">against LTI</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);width:53.25pt"><div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:24.22pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:25.61pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:336pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:336pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investments held at fair value</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:36pt;width:53.25pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:46.73pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:36pt;width:53.25pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:46.73pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:36pt;width:53.25pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:46.73pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:336pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:336pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">January 1, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:47.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.67pt"></span></span><span style="left:17.3pt;position:var(--position)">317,841<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:47.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.67pt"></span></span><span style="left:17.3pt;position:var(--position)">317,841<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:336pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Sale of Karuna shares</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:58.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.42pt"></span></span><span style="left:19.05pt;position:var(--position)">(292,672)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:58.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.42pt"></span></span><span style="left:19.05pt;position:var(--position)">(292,672)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69.75pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in Seaport preferred shares - Seaport deconsolidation</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:69.75pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.63pt"></span></span><span style="left:21.259999999999998pt;position:var(--position)">179,248<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:69.75pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.63pt"></span></span><span style="left:21.259999999999998pt;position:var(--position)">179,248<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Sale of Akili shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:81pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.26pt"></span></span><span style="left:27.89pt;position:var(--position)">(5,437)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:81pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.26pt"></span></span><span style="left:27.89pt;position:var(--position)">(5,437)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain realized on sale of Karuna shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:92.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:34.1pt"></span></span><span style="left:36.730000000000004pt;position:var(--position)">151<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:92.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:34.1pt"></span></span><span style="left:36.730000000000004pt;position:var(--position)">151<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) – changes in fair value through profit and loss</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:103.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.26pt"></span></span><span style="left:27.89pt;position:var(--position)">(2,398)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:103.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.26pt"></span></span><span style="left:27.89pt;position:var(--position)">(2,398)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:336pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Equity method losses recorded against LTI, net</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:114.75pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.26pt"></span></span><span style="left:27.89pt;position:var(--position)">(5,307)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:114.75pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.26pt"></span></span><span style="left:27.89pt;position:var(--position)">(5,307)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:127.5pt;width:336pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.76pt;width:336pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:127.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.67pt"></span></span><span style="left:17.3pt;position:var(--position)">196,733<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:127.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.22pt"></span></span><span style="left:24.849999999999998pt;position:var(--position)">(5,307)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:127.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.67pt"></span></span><span style="left:17.3pt;position:var(--position)">191,426<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Sale of Vor Shares</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:140.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.26pt"></span></span><span style="left:27.89pt;position:var(--position)">(2,753)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:140.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.26pt"></span></span><span style="left:27.89pt;position:var(--position)">(2,753)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:151.5pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain realized on sale of Vor shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:151.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:34.1pt"></span></span><span style="left:36.730000000000004pt;position:var(--position)">375<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:151.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:34.1pt"></span></span><span style="left:36.730000000000004pt;position:var(--position)">375<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162.75pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in Vedanta preferred shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:162.75pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:34.1pt"></span></span><span style="left:36.730000000000004pt;position:var(--position)">888<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:162.75pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:34.1pt"></span></span><span style="left:36.730000000000004pt;position:var(--position)">888<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:174pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Conversion of Vedanta note to preferred shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:174pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.47pt"></span></span><span style="left:30.099999999999998pt;position:var(--position)">2,836<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:174pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.47pt"></span></span><span style="left:30.099999999999998pt;position:var(--position)">2,836<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:185.25pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) – changes in fair value through profit and loss</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:185.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.05pt"></span></span><span style="left:25.68pt;position:var(--position)">38,485<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:185.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.05pt"></span></span><span style="left:25.68pt;position:var(--position)">38,485<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:196.5pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:336pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Equity method losses recorded against LTI, net </span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:196.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.84pt"></span></span><span style="left:23.47pt;position:var(--position)">(13,831)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:196.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.84pt"></span></span><span style="left:23.47pt;position:var(--position)">(13,831)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:208.5pt;width:336pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:133.67000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:0.5pt solid #183964;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:208.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.67pt"></span></span><span style="left:17.3pt;position:var(--position)">236,564<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #17174b;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:208.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:17.19pt"></span></span><span style="left:19.82pt;position:var(--position)">(19,138)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:208.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.67pt"></span></span><span style="left:17.3pt;position:var(--position)">217,426<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Seaport </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:396.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">On October 18, 2024, Seaport Therapeutics, Inc. ("Seaport") completed a Series B preferred share financing, which resulted in the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:406.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Group’s voting interest being below 50% and the Group losing control over Seaport Board of Directors. Consequently, the Group </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:416.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">no longer had the power to direct the relevant Seaport activities. As a result, Seaport was deconsolidated on this date and its results </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:426.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">of operations are included in the Consolidated Financial Statements through the date of deconsolidation. See Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:476.68pt;position:var(--position);text-decoration:none;white-space:pre">8. Gain/(loss) on </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:436.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation of Subsidiary</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:152.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre">. Following deconsolidation, the Group still has significant influence in Seaport through its voting </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:446.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">interest in Seaport and its remaining representation on Seaport's Board of Directors. Upon deconsolidation, the Group owns </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:456.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">950,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.42pt;position:var(--position);text-decoration:none;white-space:pre"> of common stock, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:140.03pt;position:var(--position);text-decoration:none;white-space:pre">40,000,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:179.81pt;position:var(--position);text-decoration:none;white-space:pre"> of Series A-1 preferred stock, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:293.74pt;position:var(--position);text-decoration:none;white-space:pre">8,421,052</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:329.1pt;position:var(--position);text-decoration:none;white-space:pre"> of Series A-2 preferred stock, and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:459.56pt;position:var(--position);text-decoration:none;white-space:pre">3,031,578</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:494.92pt;position:var(--position);text-decoration:none;white-space:pre"> of Series B </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:466.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">preferred stock. The common shares are subject to IAS 28 Investments in Associates and Joint Ventures due to the significant </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:476.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">influence the Group retained and are accounted for under the equity method. See Note </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:372.66pt;position:var(--position);text-decoration:none;white-space:pre">6. Investments in Associates</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:478.71999999999997pt;position:var(--position);text-decoration:none;white-space:pre">.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:480.93pt;position:var(--position);text-decoration:none;white-space:pre"> The Group's </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:486.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">preferred shares do not provide their shareholders with access to returns associated with a residual equity interest and as such, are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:496.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">accounted for under IFRS 9 as investments held at fair value with changes in fair value recorded in profit and loss. Under IFRS 9, the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:506.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">preferred share investments are categorized as debt instruments that are presented at fair value through profit and loss because the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:516.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">amounts receivable do not represent solely payments of principal and interest. </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:337.24pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">As of </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:358.65pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:431.59pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:450.33pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:468.01pt;position:var(--position);text-decoration:none;white-space:pre">,</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:470.21999999999997pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> these preferred </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:526.61pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">shares had a fair value of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.76pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$236,003</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:167.91pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> and </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:186.65pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$177,288</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:219.8pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">,</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:222.01pt;position:var(--position);text-decoration:none;white-space:pre"> respectively. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:544.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The fair value of the preferred shares is determined by management using a valuation model that utilizes both the market backsolve </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:554.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">and probability-weighted expected return methods. The valuation of the investment is categorized as Level 3 in the fair value </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:564.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">hierarchy due to the use of significant unobservable inputs, which have a significant effect on the valuation. The significant </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:574.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">assumptions in the valuation include the estimated equity value of Seaport and the probability of Seaport entering into an initial </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:584.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">public offering. Se</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:108.58pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">e Note </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:136.92000000000002pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">19. Financial Instruments</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:229.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> for valuation of these preferred shares.</span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:602.21pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">During the year ended </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:127.02pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2025</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:199.96pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> and </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:218.7pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:236.38pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, the Group recognized a gain of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:361.19pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$58,715</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:389.92pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> and </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:408.66pt;position:var(--position);text-decoration:none;white-space:pre">a loss of </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:441.57pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$1,960</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:465.88pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> for the changes in </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:612.21pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">the fair value o</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:95.24pt;position:var(--position);text-decoration:none;white-space:pre">f the investment in Seaport that was included in gain/(loss) on investments held at fair value within the Consolidated </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:622.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Statement of Comprehensive Income/(Loss). For the year ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:283.01pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:355.95pt;position:var(--position);text-decoration:none;white-space:pre">, the increase in fair value of </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:462.96pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$58,715</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:491.69pt;position:var(--position);text-decoration:none;white-space:pre"> was </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:632.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">reduced by </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:84.68pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$19,138</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:113.41pt;position:var(--position);text-decoration:none;white-space:pre">, which represented the excess equity method losses from the Group's investment in Seaport common stock. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:642.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The recognition of the </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:125.91pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$19,138</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:154.64pt;position:var(--position);text-decoration:none;white-space:pre"> loss against the investment in Seaport's Preferred A-1, A-2 and B shares occurred because the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:652.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Group’s share of equity method losses from applying the equity method of accounting to its investment in Seaport’s common shares </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:662.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">was greater than its equity method investment balance and because the Group’s investment in Seaport’s Preferred A-1, A-2 and B </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:672.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">shares represents a long-term interest ("LTI"). The </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:230.15pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$19,138</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:258.88pt;position:var(--position);text-decoration:none;white-space:pre"> loss was included in share of net income/(loss) of associates accounted </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:682.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">for using the equity method within the Consolidated Statement of Comprehensive Income/(Loss) as it represented a portion of the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:692.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Group’s share of equity method losses from applying the equity method of accounting.</span></div><div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">5.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Investments Held at Fair Value continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Vedanta</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:120.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:130.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">On March 1, 2023, Vedanta issued convertible debt to a syndicate of investors. The Group did not participate in this round of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:140.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">financing. As part of the issuance of the debt, the convertible debt holders were granted representation on Vedanta's Board of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:150.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Directors and the Group lost control over the Vedanta Board of Directors and the power to direct the relevant Vedanta activities. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:160.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Consequently, Vedanta was deconsolidated on March 1, 2023 and its results of operations were included in the Consolidated </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:170.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Financial Statements through the date of deconsolidation. See Note </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:315.71pt;position:var(--position);text-decoration:none;white-space:pre">8. Gain/(loss) on Deconsolidation of Subsidiary</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:492.21999999999997pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:188.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Following Vedanta's deconsolidation, the Group had significant influence over Vedanta through its voting interest in Vedanta and its </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:198.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">remaining representation on Vedanta's Board of Directors. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:216.46pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:226.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">On August 5, 2025, Vedanta completed a recapitalization of its capital structure. Vedanta issued new Series A convertible preferred </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:236.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">shares to investors. The Group invested </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:207.77pt;position:var(--position);text-decoration:none;white-space:pre">$888</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:225.45pt;position:var(--position);text-decoration:none;white-space:pre"> in exchange for </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:288.07pt;position:var(--position);text-decoration:none;white-space:pre">1,477,692</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:325.83pt;position:var(--position);text-decoration:none;white-space:pre"> shares of Series A convertible preferred stock. In addition, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:246.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">as part of the recapitalization, the Group’s secured convertible promissory note in the principal amount of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:455.9pt;position:var(--position);text-decoration:none;white-space:pre">$5,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:480.21pt;position:var(--position);text-decoration:none;white-space:pre"> was converted into </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:256.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">10,129,586</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:99.16999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> shares of Vedanta Series A-1 convertible preferred shares and the Group’s existing investment in Vedanta’s convertible </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:266.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">preferred shares was converted into </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:193.9pt;position:var(--position);text-decoration:none;white-space:pre">577,851</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:224.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> shares of Vedanta common stock. Following Vedanta's recapitalization, the Group's </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:276.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">ownership interest was reduced to </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:188.24pt;position:var(--position);text-decoration:none;white-space:pre">5.1%</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:206.21pt;position:var(--position);text-decoration:none;white-space:pre"> and, thus, the Group no longer has significant influence over Vedanta's relevant activities. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:294.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group's investments in Vedanta convertible preferred shares prior to or after the 2025 recapitalization do not provide it with </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:304.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">access to returns associated with a residual equity interest, and, as such, are accounted for under IFRS 9 as investments held at fair </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:314.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">value with changes in fair value recorded in profit and loss. Under IFRS 9, the preferred share investments are categorized as debt </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:325.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">instruments that are presented at fair value through profit and loss because the amounts receivable do not represent solely </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:335.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">payments of principal and interest. The Group's investments in Vedanta common stock is accounted for at fair value under IFRS 9 as </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:345.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">investments held at fair value with changes in fair value recorded in profit and loss.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:361.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">During the years ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:147.64pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:220.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:225pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:242.68pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:261.41999999999996pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:279.1pt;position:var(--position);text-decoration:none;white-space:pre">, the Group recognized losses of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:403.59pt;position:var(--position);text-decoration:none;white-space:pre">$14,335</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:432.32pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:436.74pt;position:var(--position);text-decoration:none;white-space:pre">$2,990</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:461.05pt;position:var(--position);text-decoration:none;white-space:pre">, and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:482pt;position:var(--position);text-decoration:none;white-space:pre">$6,303</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:506.31pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:371.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">respectively, for the changes in the fair value of the investment in Vedanta that were included in gain/(loss) on investments held at </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:382.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">fair value within the Consolidated Statement of Comprehensive Income/(Loss). The fair value of the Group’s investment in Vedanta </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:392.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">was </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:72.91pt;position:var(--position);text-decoration:none;white-space:pre">$553</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:90.59pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:109.33pt;position:var(--position);text-decoration:none;white-space:pre">$11,163</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:138.06pt;position:var(--position);text-decoration:none;white-space:pre"> as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:160.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:233.21pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:251.95pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:269.63pt;position:var(--position);text-decoration:none;white-space:pre">, respectively.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:408.46pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Sonde</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:418.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">On May 25, 2022, Sonde completed a Series B preferred share financing, which resulted in the Group losing control over Sonde and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:428.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">the deconsolidation of Sonde.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:446.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Following deconsolidation, the Group still has significant influence in Sonde through its </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:387.09pt;position:var(--position);text-decoration:none;white-space:pre">48.2%</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:409.48pt;position:var(--position);text-decoration:none;white-space:pre"> voting interest in Sonde and its </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:456.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">remaining representation on Sonde's Board of Directors. The Group holds Preferred A-1, A-2 and B shares. The Preferred A-1 shares </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:466.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">have the same terms as common stock and provide their shareholders with access to returns associated with a residual equity </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:476.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">ownership in Sonde. Consequently, the investment in Preferred A-1 shares is accounted for under the equity method. See Note </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:536.97pt;position:var(--position);text-decoration:none;white-space:pre">6. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:486.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Investments in Associates</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:153.31pt;position:var(--position);text-decoration:none;white-space:pre">. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:158.03pt;position:var(--position);text-decoration:none;white-space:pre">The convertible Preferred A-2 and B shares do not provide their shareholders with access to returns </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:496.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">associated with a residual equity interest and as such, are accounted for under IFRS 9 as investments held at fair value with changes </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:506.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">in fair value recorded in profit and loss. Under IFRS 9, the A-2 and B preferred share investments are categorized as debt instruments </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:516.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">that are presented at fair value through profit and loss because the amounts receivable do not represent solely payments of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:526.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">principal and interest.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:544.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group’s investment in Sonde’s Preferred A-2 and B shares represents a LTI. When the Group’s share of equity method losses </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:554.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">from applying the equity method of accounting to its investment in Sonde’s Preferred A-1 shares is greater than its equity method </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:564.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">investment balance, the additional loss is applied to the LTI. In accordance with IAS 28, IFRS 9 should be applied independently </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:574.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">ignoring any prior equity method loss absorption. The prior year excess equity method losses absorbed by the LTI should be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:584.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">reversed if the LTI's fair value decreases. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:602.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">During the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:99.16999999999999pt;position:var(--position);text-decoration:none;white-space:pre">year ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:141.81pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:144.01999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:216.96pt;position:var(--position);text-decoration:none;white-space:pre">, the Group recognized a loss of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:339.73pt;position:var(--position);text-decoration:none;white-space:pre">$994</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:357.41pt;position:var(--position);text-decoration:none;white-space:pre"> for the changes in the fair value of the investment in </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:612.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Sonde that was included in gain/(loss) on investments held at fair value within the Consolidated Statement of Comprehensive </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:622.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Income/(Loss).</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:639.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:78.1pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:151.04pt;position:var(--position);text-decoration:none;white-space:pre">, the fair value of the Group’s investment in Sonde Preferred A-2 and B shares wa</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:455.11pt;position:var(--position);text-decoration:none;white-space:pre">s </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:460.94pt;position:var(--position);text-decoration:none;white-space:pre">$5,307</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:485.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:487.46pt;position:var(--position);text-decoration:none;white-space:pre">prior to applying </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:649.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">the excess equity method losses from the investment in Sonde Preferred A-1 shares. After the excess equity method losses were </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:659.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">applied, the balance of the investment in Sonde Preferred A-2 and B shares was </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:358.69pt;position:var(--position);text-decoration:none;white-space:pre">$0</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:367.53pt;position:var(--position);text-decoration:none;white-space:pre">. During the year ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:459.28pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:532.22pt;position:var(--position);text-decoration:none;white-space:pre">, the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:669.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Group recognized a loss of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:160.56pt;position:var(--position);text-decoration:none;white-space:pre">$5,102</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:184.87pt;position:var(--position);text-decoration:none;white-space:pre"> for the changes in the fair value of its investment in Sonde's Preferred A-2 and B shares that was </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:679.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">included in gain/(loss) on investments held at fair value within the Consolidated Statement of Comprehensive Income/(Loss). In </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:689.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">addition, the Group also recognized a loss of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:228.24pt;position:var(--position);text-decoration:none;white-space:pre">$5,307</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:252.55pt;position:var(--position);text-decoration:none;white-space:pre"> on its investment in Sonde’s Preferred A-2 and B shares because the Group’s </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:699.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">share of equity method losses was greater than its equity method investment balance. The additional loss was included in share of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:709.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">net income/(loss) of associates accounted for using the equity method within the Consolidated Statement of Comprehensive </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:719.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Income/(Loss).</span></div></div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">5.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Investments Held at Fair Value continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:109.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:59.839999999999996pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:131.45999999999998pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">, the fair value of the Group's investment in Sonde Preferred A-2 and B shares was </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:423.93pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">$0</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:432.35pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">, a fair value reduction of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:119.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">$5,307</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:62.739999999999995pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre"> from </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:83.52pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:152.89pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">. Due to the decrease in the fair value of Sonde’s Preferred A-2 and B shares under IFRS 9, during the year </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:129.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">ended </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:65.17999999999999pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:136.8pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">, the Group recognized the decrease in fair value within gain/(loss) on investments held at fair value in the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:139.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">Consolidated Statement of Comprehensive Income/(Loss) and reversed </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:296.93pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$5,307</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:319.98pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre"> of equity method loss that had reduced the fair value of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:149.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">Sonde’s Preferred A-2 and B shares in the prior year. The reversa</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:268.88pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">l of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:281.84000000000003pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$5,307</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:304.89pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> was include</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:348.31pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">d in the Group’s share of net income/(loss) of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:159.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.025em;position:var(--position);text-decoration:none;white-space:pre">associates accounted for using the equity method within the Consolidated Statement of Comprehensive Income/(Loss).</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:177.46pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Vor</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:187.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Vor was deconsolidated in February 2019 after its initial public offering. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:205.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:60.62pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.45pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">, the Group held </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:197.47pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">2,671,800</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:234.51pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre"> shares of Vor common stock with fair value of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:404.96999999999997pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">$2,966</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:428.8pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">. On June 26, 2025, the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:215.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Group sold its remaining shares of Vor common stock at </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:248.7pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">$1.03</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:268.19pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre"> per share for aggregate proceeds of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:406.55pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">$2,753</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:430.38pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre"> before income tax. As a </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:225.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">result of this transaction, the Group recognized a gain of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:249.46pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">$375</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:266.82pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre"> which was included in realized gain/(loss) on sale of investments within </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:235.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">the Consolidated Statement of Comprehensive Income/(Loss). Therefore,</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:310.04pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:312.32pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">the Group no longer holds any ownership interest in Vor.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:254.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">During the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:82.16999999999999pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:128.43pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:130.64pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:203.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:208pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:225.68pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:244.42pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:262.1pt;position:var(--position);text-decoration:none;white-space:pre">, the Group recognized losses of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:386.59pt;position:var(--position);text-decoration:none;white-space:pre">$588</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:404.27pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:408.69pt;position:var(--position);text-decoration:none;white-space:pre">$3,046</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:433pt;position:var(--position);text-decoration:none;white-space:pre">, and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:453.95pt;position:var(--position);text-decoration:none;white-space:pre">$11,756</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:482.68pt;position:var(--position);text-decoration:none;white-space:pre">, respectively, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:264.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">for the changes in the fair value of the investment that were included in gain/(loss) on investments held at fair value within the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:274.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated Statement of Comprehensive Income/(Loss). </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:293.46pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Karuna</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:303.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Karuna was deconsolidated in March 2019. During 2019, Karuna completed its initial public offering and the Group lost its significant </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:313.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">influence in Karuna. The shares held in Karuna were accounted for as an investment held at fair value under IFRS 9.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:331.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:341.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">During the twelve months ended December 31, 2023, the Group sold </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:302.27pt;position:var(--position);text-decoration:none;white-space:pre">167,579</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:331pt;position:var(--position);text-decoration:none;white-space:pre"> shares of Karuna common stock with aggregate </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:351.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">proceeds of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:87.05pt;position:var(--position);text-decoration:none;white-space:pre">$33,309</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:115.78pt;position:var(--position);text-decoration:none;white-space:pre">, net of transaction fees. As</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:217.60999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:229.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2023</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:304.77pt;position:var(--position);text-decoration:none;white-space:pre">,</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:307.13pt;position:var(--position);text-decoration:none;white-space:pre"> the Group held </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:369.3pt;position:var(--position);text-decoration:none;white-space:pre">886,885</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:398.03pt;position:var(--position);text-decoration:none;white-space:pre"> shares, or </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:438.66pt;position:var(--position);text-decoration:none;white-space:pre">2.3%</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:456.63pt;position:var(--position);text-decoration:none;white-space:pre">, of the total </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:361.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">outstanding Karuna common stock with a fair value of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:243.32pt;position:var(--position);text-decoration:none;white-space:pre">$280,708</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:276.47pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:379.46pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:389.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">In March 2024, Karuna common shares were acquired by Bristol Myers Squibb for </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:346.77pt;position:var(--position);text-decoration:none;white-space:pre">$330</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:365.65pt;position:var(--position);text-decoration:none;white-space:pre"> per share in accordance with the terms of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:399.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">a definitive merger agreement signed in December 2023. As a result of this transaction, the Group received total proceeds of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:409.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">$292,672</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:72.84pt;position:var(--position);text-decoration:none;white-space:pre"> before income tax in exchange for its holding of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:257.87pt;position:var(--position);text-decoration:none;white-space:pre">886,885</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:288.55pt;position:var(--position);text-decoration:none;white-space:pre"> shares of Karuna common stock. As a result, the Group no longer </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:419.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">holds any ownership interest in Karuna.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:437.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">During the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:82.16999999999999pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:128.43pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:130.64pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:205.82999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:224.87pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:243.75pt;position:var(--position);text-decoration:none;white-space:pre">,</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:246.10999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> the Group recognized gains of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:365.71pt;position:var(--position);text-decoration:none;white-space:pre">$11,813</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:394.44pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:413.18pt;position:var(--position);text-decoration:none;white-space:pre">$107,079</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:446.33pt;position:var(--position);text-decoration:none;white-space:pre">, respectively, for the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:447.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">changes in the fair value of the Karuna investment that were included in gain/(loss) on investments held at fair value within the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:457.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated Statement of Comprehensive Income/(Loss).</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:475.26pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Akili</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:488.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Akili was deconsolidated in 2018. At the time of deconsolidation, the Group did not hold common shares in Akili and the preferred </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:498.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">shares it held did not have equity-like features. Therefore, the preferred shares held by the Group fell under the guidance of IFRS 9 </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:508.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">and were treated as a financial asset held at fair value and changes to the fair value of the preferred shares were recorded through </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:518.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the Consolidated Statement of Comprehensive Income/(Loss), in accordance with IFRS 9. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:536.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">On July 2, 2024, Akili was acquired by Virtual Therapeutics, and the Group received total proceeds of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:420.86pt;position:var(--position);text-decoration:none;white-space:pre">$5,437</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:445.17pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:447.53pt;position:var(--position);text-decoration:none;white-space:pre">before income taxes </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:546.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">in exchange for its holding of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:151.70999999999998pt;position:var(--position);text-decoration:none;white-space:pre">12,527,476</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:191.49pt;position:var(--position);text-decoration:none;white-space:pre"> shares of Akili common stock. As a result, the Group no longer holds any ownership interest </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:556.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">in Akili.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:573.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">During the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:82.16999999999999pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:128.43pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:130.64pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:205.82999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:224.87pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:243.75pt;position:var(--position);text-decoration:none;white-space:pre">, the Group recognized losses of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:368.24pt;position:var(--position);text-decoration:none;white-space:pre">$985</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:385.92pt;position:var(--position);text-decoration:none;white-space:pre">, and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:406.87pt;position:var(--position);text-decoration:none;white-space:pre">$8,681</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:431.18pt;position:var(--position);text-decoration:none;white-space:pre">, respectively, for the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:583.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">changes in the fair value of the investment in Akili that were included in gain/(loss) on investments held at fair value within the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:593.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated Statement of Comprehensive Income/(Loss).</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:611.66pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Gelesis</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:621.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Gelesis was deconsolidated in July 2019. On January 13, 2022, Gelesis completed its business combination with Capstar Special </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:631.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Purpose Acquisition Corp ("Capstar"). Gelesis became a wholly-owned subsidiary of Capstar and Capstar changed its name to Gelesis </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:641.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Holdings, Inc., which began trading on the New York Stock Exchange under the ticker symbol "GLS" on January 14, 2022. As the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:651.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Group had significant influence over Gelesis, the investment in Gelesis common shares was accounted for under the equity method. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:661.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">Please refer to Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:115.91pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">6. Investments in Associates</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:218.65pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre"> for information regarding the Group's investment in Gelesis as an associate.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:679.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">In February and May 2023, as part of Gelesis' issuance of senior secured promissory notes to the Group, Gelesis also issued to the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:689.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Group (i) warrants to purchase </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:155.38pt;position:var(--position);text-decoration:none;white-space:pre">23,688,047</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:195.16pt;position:var(--position);text-decoration:none;white-space:pre"> shares of Gelesis common stock with an exercise price of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:413.24pt;position:var(--position);text-decoration:none;white-space:pre">$0.2744</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:441.96999999999997pt;position:var(--position);text-decoration:none;white-space:pre"> per share  (ii) warrants </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:699.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">to purchase </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:86.27pt;position:var(--position);text-decoration:none;white-space:pre">192,307,692</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:130.47pt;position:var(--position);text-decoration:none;white-space:pre"> shares of Gelesis common stock with an exercise price of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:348.55pt;position:var(--position);text-decoration:none;white-space:pre">$0.0182</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:377.28pt;position:var(--position);text-decoration:none;white-space:pre"> per share and (iii) warrants to purchase </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:709.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">43,133,803</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:79.47pt;position:var(--position);text-decoration:none;white-space:pre"> shares of Gelesis common stock with an exercise price of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:297.55pt;position:var(--position);text-decoration:none;white-space:pre">$0.0142</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:326.28pt;position:var(--position);text-decoration:none;white-space:pre"> per share. These warrants expire </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:452.65pt;position:var(--position);text-decoration:none;white-space:pre">five years</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:487.57pt;position:var(--position);text-decoration:none;white-space:pre"> after </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:719.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">issuance and are collectively referred to as the Gelesis 2023 Warrants.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:737.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Gelesis 2023 Warrants were recorded at their initial fair value of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:295.75pt;position:var(--position);text-decoration:none;white-space:pre">$1,121</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:320.06pt;position:var(--position);text-decoration:none;white-space:pre"> and then subsequently re-measured to fair value with </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:747.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">changes in fair value recorded through profit and loss. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:765.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">As Gelesis ceased operations in October 2023, the fair value of the Gelesis 2023 Warrants was written down to </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:455.27pt;position:var(--position);text-decoration:none;white-space:pre">$0</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:464.11pt;position:var(--position);text-decoration:none;white-space:pre"> as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:486.32pt;position:var(--position);text-decoration:none;white-space:pre">December </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:775.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">31, 2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:70.63pt;position:var(--position);text-decoration:none;white-space:pre">. During the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:117.53pt;position:var(--position);text-decoration:none;white-space:pre">year ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:160.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:162.38pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:235.32pt;position:var(--position);text-decoration:none;white-space:pre">, the Group recognized a loss of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:358.09pt;position:var(--position);text-decoration:none;white-space:pre">$1,264</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:382.4pt;position:var(--position);text-decoration:none;white-space:pre"> related to the change in the fair value </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:785.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">of these warrants that was included in gain/(loss) on investments held at fair value within the Consolidated Statement of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:795.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Comprehensive Income/(Loss).</span></div> <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:459.58pt;position:var(--position);text-decoration:none;white-space:pre">Activities related to </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">such investments during the periods are shown below:</span></div><div style="position:var(--position);top:160.66pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:336pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:53.25pt"></td></tr><tr style="height:36pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);width:53.25pt"><div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:5.92pt;position:var(--position);text-decoration:none;white-space:pre">Balance under </span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:31.02pt;position:var(--position);text-decoration:none;white-space:pre">IFRS 9</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);width:53.25pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:4.52pt;position:var(--position);text-decoration:none;white-space:pre">Equity method </span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:8.41pt;position:var(--position);text-decoration:none;white-space:pre">loss recorded </span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:16.93pt;position:var(--position);text-decoration:none;white-space:pre">against LTI</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);width:53.25pt"><div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:24.22pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:25.61pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:336pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:336pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investments held at fair value</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:36pt;width:53.25pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:46.73pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:36pt;width:53.25pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:46.73pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:36pt;width:53.25pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:46.73pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:336pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:336pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">January 1, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:47.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.67pt"></span></span><span style="left:17.3pt;position:var(--position)">317,841<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:47.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.67pt"></span></span><span style="left:17.3pt;position:var(--position)">317,841<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:336pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Sale of Karuna shares</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:58.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.42pt"></span></span><span style="left:19.05pt;position:var(--position)">(292,672)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:58.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.42pt"></span></span><span style="left:19.05pt;position:var(--position)">(292,672)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69.75pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in Seaport preferred shares - Seaport deconsolidation</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:69.75pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.63pt"></span></span><span style="left:21.259999999999998pt;position:var(--position)">179,248<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:69.75pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.63pt"></span></span><span style="left:21.259999999999998pt;position:var(--position)">179,248<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Sale of Akili shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:81pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.26pt"></span></span><span style="left:27.89pt;position:var(--position)">(5,437)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:81pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.26pt"></span></span><span style="left:27.89pt;position:var(--position)">(5,437)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain realized on sale of Karuna shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:92.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:34.1pt"></span></span><span style="left:36.730000000000004pt;position:var(--position)">151<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:92.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:34.1pt"></span></span><span style="left:36.730000000000004pt;position:var(--position)">151<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) – changes in fair value through profit and loss</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:103.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.26pt"></span></span><span style="left:27.89pt;position:var(--position)">(2,398)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:103.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.26pt"></span></span><span style="left:27.89pt;position:var(--position)">(2,398)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:336pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Equity method losses recorded against LTI, net</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:114.75pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.26pt"></span></span><span style="left:27.89pt;position:var(--position)">(5,307)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:114.75pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.26pt"></span></span><span style="left:27.89pt;position:var(--position)">(5,307)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:127.5pt;width:336pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.76pt;width:336pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:127.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.67pt"></span></span><span style="left:17.3pt;position:var(--position)">196,733<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:127.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.22pt"></span></span><span style="left:24.849999999999998pt;position:var(--position)">(5,307)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:127.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.67pt"></span></span><span style="left:17.3pt;position:var(--position)">191,426<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Sale of Vor Shares</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:140.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.26pt"></span></span><span style="left:27.89pt;position:var(--position)">(2,753)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:140.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.26pt"></span></span><span style="left:27.89pt;position:var(--position)">(2,753)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:151.5pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain realized on sale of Vor shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:151.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:34.1pt"></span></span><span style="left:36.730000000000004pt;position:var(--position)">375<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:151.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:34.1pt"></span></span><span style="left:36.730000000000004pt;position:var(--position)">375<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162.75pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in Vedanta preferred shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:162.75pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:34.1pt"></span></span><span style="left:36.730000000000004pt;position:var(--position)">888<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:162.75pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:34.1pt"></span></span><span style="left:36.730000000000004pt;position:var(--position)">888<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:174pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Conversion of Vedanta note to preferred shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:174pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.47pt"></span></span><span style="left:30.099999999999998pt;position:var(--position)">2,836<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:174pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.47pt"></span></span><span style="left:30.099999999999998pt;position:var(--position)">2,836<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:185.25pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) – changes in fair value through profit and loss</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:185.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.05pt"></span></span><span style="left:25.68pt;position:var(--position)">38,485<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:185.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.05pt"></span></span><span style="left:25.68pt;position:var(--position)">38,485<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:196.5pt;width:336pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:336pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Equity method losses recorded against LTI, net </span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:196.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.84pt"></span></span><span style="left:23.47pt;position:var(--position)">(13,831)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:196.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:53.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.84pt"></span></span><span style="left:23.47pt;position:var(--position)">(13,831)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:208.5pt;width:336pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:336pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:133.67000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:0.5pt solid #183964;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:336pt;position:var(--position);top:208.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.67pt"></span></span><span style="left:17.3pt;position:var(--position)">236,564<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #17174b;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:208.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:17.19pt"></span></span><span style="left:19.82pt;position:var(--position)">(19,138)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:442.5pt;position:var(--position);top:208.5pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.67pt"></span></span><span style="left:17.3pt;position:var(--position)">217,426<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 317841000 317841000 292672000 292672000 179248000 179248000 5437000 5437000 151000 151000 -2398000 -2398000 -5307000 -5307000 196733000 -5307000 191426000 2753000 2753000 375000 375000 888000 888000 2836000 2836000 38485000 38485000 -13831000 -13831000 236564000 -19138000 217426000 950000 40000000 8421052 3031578 236003000 177288000 58715000 -1960000 58715000 -19138000 -19138000 -19138000 888000 1477692 5000000 10129586 577851 0.051 -14335000 -2990000 -6303000 553000 11163000 0.482 -994000 5307000 0 -5102000 5307000 0 5307000 5307000 5307000 2671800 2966000 1.03 2753000 375000 -588000 -3046000 -11756000 167579 33309000 886885 0.023 280708000 330 292672000 886885 11813000 107079000 5437000 12527476 -985000 -8681000 23688047 0.2744 192307692 0.0182 43133803 0.0142 P5Y 1121000 0 -1264000 <div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">6.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Investments in Associates</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.72pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Gelesis (Boston, MA)</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Gelesis was founded by the Group and was deconsolidated from the Group’s financial statements as of July 1, 2019. On January 13, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">2022, Gelesis completed its business combination with Capstar Special Purpose Acquisition Corp ("Capstar"). Gelesis became a </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">wholly-owned subsidiary of Capstar and Capstar changed its name to Gelesis Holdings, Inc., which began trading on the New York </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Stock Exchange under the ticker symbol "GLS" on January 14, 2022. As the Group had significant influence over Gelesis through its </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:157.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">voting interest in Gelesis and representation on Gelesis' Board of Directors, the investment in Gelesis common shares was </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:167.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">accounted for under the equity method as prescribed by IAS 28,</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:297.94pt;position:var(--position);text-decoration:none;white-space:pre"> Investments in Associates and Joint Ventures.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">During the year ended December 31, 2023, the Group entered into agreements with Gelesis to purchase senior secured convertible </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">promissory notes and warrants for shares of Gelesis common stock (see Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:348.17pt;position:var(--position);text-decoration:none;white-space:pre">7. Investment in Notes from Associates</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:494.39pt;position:var(--position);text-decoration:none;white-space:pre">). The warrants </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:205.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">to purchase shares of Gelesis common stock represented potential voting rights to the Group and it was therefore necessary to </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:215.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">consider whether they were substantive. If these potential voting rights were substantive and the Group had the practical ability to </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:225.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">exercise the rights and take control of greater than 50% of Gelesis common stock, the Group would be required to consolidate </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:235.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Gelesis under the accounting standards.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:253.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">In February 2023, the Group obtained warrants to purchase </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:281.34000000000003pt;position:var(--position);text-decoration:none;white-space:pre">23,688,047</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:321.12pt;position:var(--position);text-decoration:none;white-space:pre"> shares of Gelesis common stock (the “February Warrants”) at </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:263.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">an exercise price of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:131.88pt;position:var(--position);text-decoration:none;white-space:pre">$0.2744</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:160.61pt;position:var(--position);text-decoration:none;white-space:pre"> per share. The exercise of the February Warrants was subject to the approval of the Gelesis stockholders </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:273.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">until May 1, 2023. On May 1, 2023, stockholder approval was no longer required for the Group to exercise the February Warrants. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:283.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The potential voting rights associated with the February Warrants were not substantive as the exercise price of the February </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:293.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Warrants was at a significant premium to the fair value of the Gelesis common stock.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:311.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">In May 2023, the Group obtained warrants to purchase </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:263.88pt;position:var(--position);text-decoration:none;white-space:pre">235,441,495</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:308.08pt;position:var(--position);text-decoration:none;white-space:pre"> shares of Gelesis common stock (the “May Warrants”). The May </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:321.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Warrants were exercisable at the option of the Group and had an exercise price of either </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:391.85pt;position:var(--position);text-decoration:none;white-space:pre">$0.0182</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:420.58pt;position:var(--position);text-decoration:none;white-space:pre"> or </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:432.87pt;position:var(--position);text-decoration:none;white-space:pre">$0.0142</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:461.6pt;position:var(--position);text-decoration:none;white-space:pre">. The May Warrants were </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:331.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">substantive as the Group would have benefited from exercising such warrants since their exercise price was at the money or at an </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:341.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">insignificant premium over the fair value of the Gelesis common stock. However, that benefit from exercising the May Warrants only </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:351.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">existed for a short period of time because in June 2023, the potential voting rights associated with the May Warrants were impacted </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:361.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">by the terms and conditions of a merger agreement that the Group signed with Gelesis on June 12, 2023 (the "Merger Agreement") </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:371.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and were no longer substantive.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:388.86pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">On October 12, 2023, the Group terminated the Merger Agreement with Gelesis as certain closing conditions were not satisfied. In </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:398.86pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">October 2023, Gelesis ceased operations and filed a voluntary petition for relief under the provisions of Chapter 7 of Title 11 of the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:408.86pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">United States Bankruptcy Code. A Chapter 7 trustee has been appointed by the Bankruptcy Court who has control over the assets </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:418.86pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and liabilities of Gelesis, effectively eliminating the authority and powers of the Board of Directors of Gelesis and its executive </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:428.86pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">officers to act on behalf of Gelesis. The assets of Gelesis are in liquidation and Gelesis no longer has any officers or employees. The </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:438.86pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Group ceased accounting for Gelesis as an equity method investment as it no longer has significant influence over Gelesis. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:456.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">During the year ended </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:144.01999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:219.21pt;position:var(--position);text-decoration:none;white-space:pre">, the Group recorded </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:301.52pt;position:var(--position);text-decoration:none;white-space:pre">$4,910</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:325.83pt;position:var(--position);text-decoration:none;white-space:pre"> as its share in the losses of Gelesis, and the Group’s balance </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:466.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">in this equity method investment was</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:196.26pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> reduced to </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:242.21pt;position:var(--position);text-decoration:none;white-space:pre">$0</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:251.05pt;position:var(--position);text-decoration:none;white-space:pre">.</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:253.26pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:484.46pt;width:594.72pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Sonde (Boston, MA)</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:494.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Following the deconsolidation of Sonde in May 2022, the Group has significant influence in Sonde through its voting interest in </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:504.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Sonde and its remaining representation on Sonde's Board of Directors. The Group's voting interest at the date of deconsolidation </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:514.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">was </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:72.91pt;position:var(--position);text-decoration:none;white-space:pre">48.2%</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:95.3pt;position:var(--position);text-decoration:none;white-space:pre"> and remained at </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:161.57pt;position:var(--position);text-decoration:none;white-space:pre">40.2%</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:183.95999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> subsequently. The Group holds Preferred A-1, A-2 and B shares. The Preferred A-1 shares, in </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:524.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">substance, have the same terms as common stock and as such, provide their shareholders with access to returns associated with a </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:534.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">residual equity ownership in Sonde. Consequently, the investment in Preferred A-1 shares is accounted for under the equity method. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:544.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Preferred A-2 and B shares, however, do not provide their shareholders with access to returns associated with a residual equity </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:554.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">interest and as such, are accounted for under IFRS 9, as investments held at fair value.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:572.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">During the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:99.16999999999999pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:145.43pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:147.64pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:220.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:225pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:242.68pt;position:var(--position);text-decoration:none;white-space:pre">, and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:263.63pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:281.31pt;position:var(--position);text-decoration:none;white-space:pre">, the Group recorded income </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:393.67pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:403.43pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$5,307</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:427.74pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, loss of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:458.45pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$8,492</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:482.76pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> and loss of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:527.79pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$1,052</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:552.1pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:582.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">respectively, related to Sonde's equity method of accounting. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:600.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:78.1pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:153.29pt;position:var(--position);text-decoration:none;white-space:pre">, the equity method investment in Sonde had a balance of </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:373.62pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$3,185</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:397.93pt;position:var(--position);text-decoration:none;white-space:pre">. The Group’s share in Sonde’s losses in </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:610.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">2024 exceeded the Group’s equity method investment in Sonde. As a result, the Group's equity method investment in Sonde was </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:620.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">reduced </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:90.35pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">to </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:100.43pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$0</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:109.27pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:111.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre">as of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:131.48000000000002pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:206.67pt;position:var(--position);text-decoration:none;white-space:pre">. Since the Group’s investment in Sonde’s Preferred A-2 and B shares represents a long-term </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:630.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">interest, the Group recognized additional equity method losses, totaling </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:330.96pt;position:var(--position);text-decoration:none;white-space:pre">$5,307</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:355.27pt;position:var(--position);text-decoration:none;white-space:pre">, against its investment in Sonde's Preferred A-2 and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:640.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">B shares (See Note </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:130.37pt;position:var(--position);text-decoration:none;white-space:pre">5. Investments Held at Fair Value</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:254.96pt;position:var(--position);text-decoration:none;white-space:pre">),</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:259.53pt;position:var(--position);text-decoration:none;white-space:pre"> reducing the balance of the preferred share investment </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:471.78pt;position:var(--position);text-decoration:none;white-space:pre">to</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:479.65pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:481.86pt;position:var(--position);text-decoration:none;white-space:pre">$0</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:490.7pt;position:var(--position);text-decoration:none;white-space:pre"> as of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:512.9100000000001pt;position:var(--position);text-decoration:none;white-space:pre">December </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:650.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:89.72999999999999pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:668.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">During the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:99.16999999999999pt;position:var(--position);text-decoration:none;white-space:pre">year ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:141.81pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:144.01999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:216.96pt;position:var(--position);text-decoration:none;white-space:pre">, the Group recorded income </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:329.32pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">of </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:339.08pt;position:var(--position);text-decoration:none;white-space:pre">$5,307</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:363.39pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> wi</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:373.62pt;position:var(--position);text-decoration:none;white-space:pre">thin its share of net income/(loss) of associates </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:678.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">accounted for using the equity method in the Consolidated Statement of Comprehensive Income/(Loss). This amount represents the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:688.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">reversal of previously recognized equity method losses that were applied against the Group’s Sonde’s Preferred A-2 and B </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:698.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">investment. Due to the decrease in the fair value of Sonde’s Preferred A-2 and B shares under IFRS 9, during the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:479.59pt;position:var(--position);text-decoration:none;white-space:pre">year ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:522.23pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:708.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:129.63pt;position:var(--position);text-decoration:none;white-space:pre">, the Group reversed the excess equity method losses that had been applied in prior periods to reduce the fair </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:718.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">value of the Group’s investment in Sonde’s Preferred A-2 and B shares. See Note </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:363.29pt;position:var(--position);text-decoration:none;white-space:pre">5. Investments Held at Fair Value</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:487.88pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:735.86pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Since the Group did not incur legal or constructive obligations or made payments on behalf of Sonde, the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:456.54pt;position:var(--position);text-decoration:none;white-space:pre">Group</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:480.93pt;position:var(--position);text-decoration:none;white-space:pre"> stopped </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:745.86pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">recognizing additional equity method losses since 2024. As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:290.57pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:363.51pt;position:var(--position);text-decoration:none;white-space:pre"> and  </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:384.46pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:402.14pt;position:var(--position);text-decoration:none;white-space:pre">, unrecognized equity method losses </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:755.86pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">amounted to </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:107.85pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$1,651</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:132.16pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> and </span></span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:150.89999999999998pt;position:var(--position);text-decoration:none;white-space:pre">$14,447</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:181.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">. </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:773.66pt;width:594.72pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div><div style="position:var(--position);top:83.91pt;width:594.72pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">6.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Investments in Associates continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.72pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Seaport (Boston, MA)</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">On October 18, 2024, Seaport completed a Series B preferred share financing. As a result of this financing, the Group's voting </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">interest was reduced below 50%, and the Group no longer controls Seaport's Board of Directors. Consequently, the Group lost </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">control over Seaport, and as such, ceased to consolidate Seaport on the date the round of financing was completed. See Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:517.49pt;position:var(--position);text-decoration:none;white-space:pre">8. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on Deconsolidation of Subsidiary</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:206.01pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:165.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Following deconsolidation, the Group still has significant influence in Seaport through its voting interest and its remaining </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:175.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">representation on Seaport's Board of Directors. The Group's voting interest as of the date of deconsolidation was </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:468.54pt;position:var(--position);text-decoration:none;white-space:pre">43.0%</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:492.14pt;position:var(--position);text-decoration:none;white-space:pre"> and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">remained at </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:87.5pt;position:var(--position);text-decoration:none;white-space:pre">42.9%</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:111.1pt;position:var(--position);text-decoration:none;white-space:pre"> subsequently. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:168.35pt;position:var(--position);text-decoration:none;white-space:pre">The Group holds both common shares and preferred shares in Seaport. The common shares are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">subject to IAS 28 </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:105.19pt;position:var(--position);text-decoration:none;white-space:pre">Investments in Associates and Joint Ventures</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:274.2pt;position:var(--position);text-decoration:none;white-space:pre"> due to the Group's retained significant influence and are accounted </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:205.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">for under the equity method. The preferred shares do not provide their shareholders with access to returns associated with a </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:215.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">residual equity interest and as such, are accounted for under IFRS 9 as investments held at fair value.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:233.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The fair value of the common shares on the date of deconsolidation amounted to </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:347.84pt;position:var(--position);text-decoration:none;white-space:pre">$2,461</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:372.15pt;position:var(--position);text-decoration:none;white-space:pre">, which was the initial value of the equity </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:243.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">method investment in Seaport. When applying the equity method, the Group records its share of the losses in Seaport based on its </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:253.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">common share equity interest in Seaport, which was </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:237.03pt;position:var(--position);text-decoration:none;white-space:pre">12.4%</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:260.63pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:279.66999999999996pt;position:var(--position);text-decoration:none;white-space:pre">13.1%</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:303.27pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:305.63pt;position:var(--position);text-decoration:none;white-space:pre">as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:325.63pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:398.57pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:417.31pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:436.19pt;position:var(--position);text-decoration:none;white-space:pre">, respectively</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:485.87pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:271.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">During the year ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:127.02pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:199.96pt;position:var(--position);text-decoration:none;white-space:pre">, the Group recorded a loss of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:315.18pt;position:var(--position);text-decoration:none;white-space:pre">$262</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:332.86pt;position:var(--position);text-decoration:none;white-space:pre"> related to Seaport’s equity method of accounting and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:281.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">a gain of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:74.64pt;position:var(--position);text-decoration:none;white-space:pre">$199</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:92.32pt;position:var(--position);text-decoration:none;white-space:pre"> for the dilution of ownership interest. As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:257.4pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:330.34pt;position:var(--position);text-decoration:none;white-space:pre">, the Seaport equity method investment had a balance </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:291.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:49.449999999999996pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$2,397</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:73.75999999999999pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:308.86pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">During the year ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:127.02pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:199.96pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:204.38pt;position:var(--position);text-decoration:none;white-space:pre">t</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:207.2pt;position:var(--position);text-decoration:none;white-space:pre">he Group’s share in Seaport’s losses amounted to</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:394.36pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:396.57pt;position:var(--position);text-decoration:none;white-space:pre">$23,234</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:425.3pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:427.51pt;position:var(--position);text-decoration:none;white-space:pre">which </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:451.26pt;position:var(--position);text-decoration:none;white-space:pre">exceeded the balance </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:318.38pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">of Group’s equity method investment in Seaport. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:226.18pt;position:var(--position);text-decoration:none;white-space:pre">T</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:231.05pt;position:var(--position);text-decoration:none;white-space:pre">he Group recorded a loss of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:339.02pt;position:var(--position);text-decoration:none;white-space:pre">$4,096</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:363.33pt;position:var(--position);text-decoration:none;white-space:pre"> related to Seaport’s equity method of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:327.9pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">accounting and a gain of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:135.20999999999998pt;position:var(--position);text-decoration:none;white-space:pre">$1,699</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:159.51999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:161.88pt;position:var(--position);text-decoration:none;white-space:pre">for the dilution of ownership interest. As a result, the Group's equity method investment in Seaport </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:337.42pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">was reduced to </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:99.65pt;position:var(--position);text-decoration:none;white-space:pre">$0</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:108.49pt;position:var(--position);text-decoration:none;white-space:pre"> as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:130.7pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:203.64pt;position:var(--position);text-decoration:none;white-space:pre">. Since the Group’s investment in Seaport Preferred A-1, A-2 and B shares represents a </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:346.94pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">long-term interest, the Group recognized additional equity method losses, totaling  </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:355.82pt;position:var(--position);text-decoration:none;white-space:pre">$19,138</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:384.55pt;position:var(--position);text-decoration:none;white-space:pre"> against the fair value of Seaport </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:356.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Preferred A-1, A-2, and B shares.  See Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:204.52pt;position:var(--position);text-decoration:none;white-space:pre">5. Investments Held at Fair Value</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:327.61pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:375.5pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The following table provides summarized financial information for Seaport, the Group’s material associate for the years ended </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:385.5pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:112.63pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:131.37pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:204.31pt;position:var(--position);text-decoration:none;white-space:pre">. The information disclosed reflects the amounts presented in the financial statements of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:395.5pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Seaport and not the Group’s share of those amounts. The amounts have been amended to reflect adjustments made by the Group </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:405.5pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">when using the equity method, including fair value adjustments and modifications for differences in accounting policies.</span></div><div style="position:var(--position);top:423.3pt;width:594.72pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:494.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:374.25pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:27.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);width:60pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.86pt;width:60pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:4.42pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:23.439999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:19.26pt;width:60pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:28.39pt;position:var(--position);text-decoration:none;white-space:pre">31, 2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);width:60pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.86pt;width:60pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.33pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:24.46pt;position:var(--position);text-decoration:none;white-space:pre">December </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:19.26pt;width:60pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.15pt;position:var(--position);text-decoration:none;white-space:pre">31, 2024</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:374.25pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Summarized statement of financial position</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:27.75pt;width:60pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:53.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:27.75pt;width:60pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:60pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:53.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:39pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Current assets</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:39pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.72pt"></span></span><span style="left:16.35pt;position:var(--position)">222,944<span style="display:inline-block;height:6.42pt;width:10.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:39pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.5pt"></span></span><span style="left:19.13pt;position:var(--position)">310,151<span style="display:inline-block;height:6.42pt;width:9.44pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:50.25pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Non-current assets</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:50.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.75pt"></span></span><span style="left:21.38pt;position:var(--position)">25,688<span style="display:inline-block;height:6.42pt;width:10.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:50.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.94pt"></span></span><span style="left:28.57pt;position:var(--position)">5,632<span style="display:inline-block;height:6.42pt;width:9.44pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:61.5pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Current liabilities</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:61.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.24pt"></span></span><span style="left:18.869999999999997pt;position:var(--position)">(12,633)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:61.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.86pt"></span></span><span style="left:21.49pt;position:var(--position)">(11,149)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Non-current liabilities</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:72.75pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:11.21pt"></span></span><span style="left:13.84pt;position:var(--position)">(564,576)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:72.75pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.14pt"></span></span><span style="left:16.77pt;position:var(--position)">(460,996)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:84pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Equity awards issued to third parties</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:84pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.24pt"></span></span><span style="left:18.869999999999997pt;position:var(--position)">(12,425)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:84pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.58pt"></span></span><span style="left:26.209999999999997pt;position:var(--position)">(2,042)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:95.25pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:95.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.81pt"></span></span><span style="left:31.439999999999998pt;position:var(--position)">(301)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:95.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.68pt"></span></span><span style="left:41.31pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:9.44pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:106.5pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Net assets/(liabilities)</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:106.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:11.21pt"></span></span><span style="left:13.84pt;position:var(--position)">(341,302)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:106.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.14pt"></span></span><span style="left:16.77pt;position:var(--position)">(158,405)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:129pt;width:374.25pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Reconciliation to carrying amounts:</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Opening net assets/(liabilities)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:140.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:11.21pt"></span></span><span style="left:13.84pt;position:var(--position)">(158,405)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:140.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.14pt"></span></span><span style="left:16.77pt;position:var(--position)">(156,414)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:151.5pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Profit/(loss) for the period</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:151.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:11.21pt"></span></span><span style="left:13.84pt;position:var(--position)">(182,897)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:151.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.58pt"></span></span><span style="left:26.209999999999997pt;position:var(--position)">(1,991)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162.75pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Closing net assets/(liabilities)</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:162.75pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:11.21pt"></span></span><span style="left:13.84pt;position:var(--position)">(341,302)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:162.75pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.14pt"></span></span><span style="left:16.77pt;position:var(--position)">(158,405)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:185.25pt;width:374.25pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Group's share in %</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:185.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:31.44pt;position:var(--position)"></span><span style="left:31.44pt;position:var(--position)">12.4<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:51.55pt;position:var(--position)">%</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:185.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.29pt;position:var(--position)"></span><span style="left:33.29pt;position:var(--position)">13.1<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span><span style="left:52.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:196.5pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Group's share of net assets (net deficit)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:196.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.24pt"></span></span><span style="left:18.869999999999997pt;position:var(--position)">(42,300)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:196.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.86pt"></span></span><span style="left:21.49pt;position:var(--position)">(20,764)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:207.75pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Unrecognized goodwill and intangibles</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:207.75pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.75pt"></span></span><span style="left:21.38pt;position:var(--position)">23,162<span style="display:inline-block;height:6.42pt;width:10.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:207.75pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:21.22pt"></span></span><span style="left:23.849999999999998pt;position:var(--position)">23,162<span style="display:inline-block;height:6.42pt;width:9.44pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:219pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Equity method losses recorded against long-term interests</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:219pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.24pt"></span></span><span style="left:18.869999999999997pt;position:var(--position)">(19,138)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:219pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.68pt"></span></span><span style="left:41.31pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:9.44pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:230.25pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Carrying amount of Investment in associates</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:230.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.91pt"></span></span><span style="left:40.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:10.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:230.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.94pt"></span></span><span style="left:28.57pt;position:var(--position)">2,397<span style="display:inline-block;height:6.42pt;width:9.44pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-top:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #000000;border-top:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:241.5pt;width:120pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:120pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:6.04pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:71.02000000000001pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:252.75pt;width:374.25pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Statement of comprehensive income/(loss)</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:252.75pt;width:60pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:40.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:252.75pt;width:60pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:60pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:41.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:264pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Profit/(loss) from continuing operations (100%)</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:264pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:11.21pt"></span></span><span style="left:13.84pt;position:var(--position)">(182,897)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:264pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.58pt"></span></span><span style="left:26.209999999999997pt;position:var(--position)">(1,991)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:275.25pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Profit/(loss) for the year</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:275.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:11.21pt"></span></span><span style="left:13.84pt;position:var(--position)">(182,897)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:275.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.58pt"></span></span><span style="left:26.209999999999997pt;position:var(--position)">(1,991)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:10.5pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:286.5pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:0.51pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total comprehensive income/(loss)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:286.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:0.51pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:11.21pt"></span></span><span style="left:13.84pt;position:var(--position)">(182,897)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:286.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:0.51pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.58pt"></span></span><span style="left:26.209999999999997pt;position:var(--position)">(1,991)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:10.5pt"><td style="border-bottom:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:297pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:0.51pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Group's share in gain (net losses)</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:297pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:0.51pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.24pt"></span></span><span style="left:18.869999999999997pt;position:var(--position)">(23,234)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:297pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:0.51pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:30.66pt"></span></span><span style="left:33.29pt;position:var(--position)">(262)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div style="position:var(--position);top:83.91pt;width:594.72pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">6.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Investments in Associates continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The follo</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:89.88pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">wing table summ</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:154.24pt;position:var(--position);text-decoration:none;white-space:pre">arizes the activities related to the investment in associates balance for the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:432.43pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:478.69pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:480.9pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:553.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:73.22pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:90.9pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="position:var(--position);top:127.66pt;width:594.72pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:438pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:14.25pt"><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:438pt"><div><div style="line-height:7pt;position:var(--position);top:5.76pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in Associates</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:5.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:52.36pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.76pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">January 1, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:14.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,185<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:438pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in Seaport – deconsolidation</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">2,461<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:438pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain on dilution of interest in associates</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">199<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share in gain/(loss) of associates</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:49.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(8,754)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60.75pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share of losses recorded against long-term Interests (LTIs)</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:60.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">5,307<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:72pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">2,397<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain on dilution of interest in associates</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:83.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">1,699<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share in net gain/(loss) of associates – limited to net investment amount</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:94.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.59pt"></span></span><span style="left:27.22pt;position:var(--position)">(17,928)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share of losses recorded against long-term Interests (LTIs)</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:105.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">13,831<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:117pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">7.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Investment in Notes from Associates</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Sonde</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">In July 2025, Sonde closed a bridge financing in the form of convertible promissory notes with its existing investors for total </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:128.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">proceeds of </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:87.35pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$1,200</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:111.66pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, of which t</span></span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:152.42000000000002pt;position:var(--position);text-decoration:none;white-space:pre">he Group invested </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:225.24pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$150</span></span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:242.92pt;position:var(--position);text-decoration:none;white-space:pre">. The notes are categorized as debt instruments that are presented at fair </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:138.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">value through profit and loss because the amounts receivable do not represent solely payments of principal and interest. As of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:148.46pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2025</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:112.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, the Group wrote down the convertible note to </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:293.31pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$0</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:302.15pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> and recognized a loss of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:398.16pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$150</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:415.84pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> for the </span></span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:445.12pt;position:var(--position);text-decoration:none;white-space:pre">year ended</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:488.06pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:490.27pt;position:var(--position);text-decoration:none;white-space:pre">December </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:158.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">31, 2025</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:72.72999999999999pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:77.44999999999999pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">which was included in gain/(loss) on investments in notes from associates in the Consolidated Statement of </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:168.86pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">Comprehensive Income/(Loss).</span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:184.31pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Gelesis</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:194.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">On July 27, 2022, the Group, as a lender, entered into an unsecured promissory note (the "Junior Note") with Gelesis, as a borrower, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:204.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">in the amount of </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:104.07pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$15,000</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:132.8pt;position:var(--position);text-decoration:none;white-space:pre">. The Junior Note bears an annual interest rate of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:319.63pt;position:var(--position);text-decoration:none;white-space:pre">15%</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:335.39pt;position:var(--position);text-decoration:none;white-space:pre"> per annum. The maturity date of the Junior Note is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:214.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the earlier of December 31, 2023 or </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:174.96pt;position:var(--position);text-decoration:none;white-space:pre">five</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:188.16pt;position:var(--position);text-decoration:none;white-space:pre"> business days following the consummation of a qualified financing by Gelesis. Based on the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:224.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">terms of the Junior Note, due to the option to convert to a variable amount of shares at the time of default, the Junior Note is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:234.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">required to be measured at fair value with changes in fair value recorded through profit and loss. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:252.31pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">During the year ended December 31, 2023, the Group entered into multiple agreements with Gelesis to purchase senior secured </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:262.31pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">convertible promissory notes (the "Senior Notes") and warrants for share of Gelesis common stock for a total consideration of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:272.31pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">$11,850</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.42pt;position:var(--position);text-decoration:none;white-space:pre">. The Senior Notes are secured by a first-priority lien on substantially all assets of Gelesis and the guarantors (other than the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:282.31pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">equity interests in, and assets held by Gelesis s.r.l., a subsidiary of Gelesis, and certain other exceptions). The initial fair value of the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:292.31pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Senior Notes and warrants was determined to be </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:226.2pt;position:var(--position);text-decoration:none;white-space:pre">$10,729</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:254.93pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:273.66999999999996pt;position:var(--position);text-decoration:none;white-space:pre">$1,121</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:297.98pt;position:var(--position);text-decoration:none;white-space:pre">, respectively. The Senior Notes represent debt instruments </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:302.31pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">that are presented at fair value through profit and loss as the amounts receivable do not represent solely payments of principal and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:312.31pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">interest as the Senior Notes are conv</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:178.18pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">ertible into Gelesis common stock.  </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:330.11pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">In October 2023, Gelesis ceased operations and filed a voluntary petition for relief under the provisions of Chapter 7 of Title 11 of </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:340.11pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">the United States Bankruptcy Code. </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:176.73pt;position:var(--position);text-decoration:none;white-space:pre">Therefore, the Group determined that the fair value of the Junior Note and the Senior Notes </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:350.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">with the warrants was </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:122.00999999999999pt;position:var(--position);text-decoration:none;white-space:pre">$0</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:130.85pt;position:var(--position);text-decoration:none;white-space:pre"> as of December 31, 2023. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:367.91pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">In June 2024, the Bankruptcy Court approved an executed agreement for a third party to acquire the remaining net assets of Gelesis </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:377.91pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">for </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:52.28pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$15,000</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:81.00999999999999pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">. As the only senior secured creditor, the Group is expected to receive a majority of the proceeds from this sale after </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:387.91pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">deduction of Bankruptcy Court related legal and administrative costs. As of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:324.32pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2025</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:397.26pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> and </span></span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:416pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:434.88pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, these notes were </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:397.91pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">determined to have a fair value of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:168.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$11,417</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:197.31pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> and </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:216.05pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$11,381</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:244.78pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, respectively.</span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:415.71pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">For the </span></span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.97pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:115.53pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:117.74pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025, 2024 and 2023</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:254.45pt;position:var(--position);text-decoration:none;white-space:pre">,</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:256.81pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:259.16999999999996pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">the Group recorded a gain of</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:369.8pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:372.01pt;position:var(--position);text-decoration:none;white-space:pre">$36</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:385.27pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:389.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">a gain of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:424.64pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$11,381</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:453.37pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:455.58pt;position:var(--position);text-decoration:none;white-space:pre">and a loss of </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:505.02pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$27,230</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:533.75pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:425.71pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">respectively, for the changes in the fair value of these notes, which were included in gain/(loss) on investments in notes from </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:435.71pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">associates in the Consolidated Statement of Comprehensive Income/(Loss). </span></span></div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">7.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Investment in Notes from Associates continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="background-color:#ffffff;color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">Vedanta</span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.86pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">On April 24, 2023, Vedanta closed the second tranche of its convertible debt for additional proceeds of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:446.21999999999997pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$18,000</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:474.95pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, of which </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:512.88pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$5,000</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:537.19pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.86pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">were invested by the Group. The convertible debt carried an interest rate of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:343.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">9%</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:355.03pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> per annum. The debt had various conversion </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.86pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">triggers, and the conversion price was established at the lower of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:303.43pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">80%</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:319.19pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> of the equity price of the last financing round, or a certain </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.86pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">pre-money valuation cap established in the agreement. If the convertible debt was not earlier converted or repaid, the entire </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:157.86pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">outstanding amount of the convertible debt should be due and payable upon the earliest to occur of (a) the later of (x) November 1, </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:167.86pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">2025 and (y) the date which was sixty (</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:198.4pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">60</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:207.24pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">) days after all amounts owed under, or in connection with, the loan Vedanta received from a </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:177.86pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">certain investor had been paid in full, or (b) the consummation of a Deemed Liquidation Event (as defined in Vedanta’s Amended </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:187.86pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">and Restated Certificate of Incorporation).</span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:205.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">On August 5, 2025, Vedanta completed a recapitalization of its capital structure. See</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:373.05pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> Note </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:396.67pt;position:var(--position);text-decoration:none;white-space:pre">5. Investments Held at Fair Value</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:519.76pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">. The </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:215.43pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">secured convertible promissory note held by the Group in the principal a</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:330.14pt;position:var(--position);text-decoration:none;white-space:pre">mount of </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:366.66pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$5,000</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:390.96999999999997pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> with a fair value of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:463.37pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$2,836</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:487.68pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:490.04pt;position:var(--position);text-decoration:none;white-space:pre">was converted </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:225.2pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">into </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:73.53pt;position:var(--position);text-decoration:none;white-space:pre">10,129,586</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:116.00999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> shares of Series A-1 preferred stock. As a result, the convertible promissory note is no longer outstanding as of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:234.97pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:129.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">.</span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:250.74pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">Due to the terms of the convertible debt, the investment in such convertible debt was measured at fair value with changes in the fair </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:260.74pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">value recorded through profit and loss. As of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:227.12pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2024</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:302.31pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, the Vedanta convertible debt was determined to have a fair value </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:270.74pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">of</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:64.24pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:66.45pt;position:var(--position);text-decoration:none;white-space:pre">$6,350</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:90.75999999999999pt;position:var(--position);text-decoration:none;white-space:pre">. During the </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:137.66pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:184.22pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:186.43pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025, 2024 and 2023</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:323.14pt;position:var(--position);text-decoration:none;white-space:pre">, the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:342.48pt;position:var(--position);text-decoration:none;white-space:pre">Group recorded a loss of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:438.8pt;position:var(--position);text-decoration:none;white-space:pre">$3,514</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:463.11pt;position:var(--position);text-decoration:none;white-space:pre">,</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:465.32pt;position:var(--position);text-decoration:none;white-space:pre"> a</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:471.94pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> gain of </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:502.48pt;position:var(--position);text-decoration:none;white-space:pre">$1,750</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:526.79pt;position:var(--position);text-decoration:none;white-space:pre"> and a </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:280.74pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">loss of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:82.97999999999999pt;position:var(--position);text-decoration:none;white-space:pre">$400</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:100.66pt;position:var(--position);text-decoration:none;white-space:pre">, respectively</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:149.73000000000002pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, for the changes in the fair value of the Vedanta convertible debt, which were included in gain/(loss) on </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:290.74pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">investments in notes from associates in the Consolidated Statement of Comprehensive Income/(Loss). </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:308.54pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">The following is the activity in respect of investments in notes from ass</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:320.39pt;position:var(--position);text-decoration:none;white-space:pre">ociates during the period. The fair value of the notes from </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:318.54pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">associates of </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:107.05pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$11,417</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:135.78pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:154.51999999999998pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$17,731</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:183.25pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:185.46pt;position:var(--position);text-decoration:none;white-space:pre">as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:205.46pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:278.4pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:297.14pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:370.08pt;position:var(--position);text-decoration:none;white-space:pre">, respectively, is determined using unobservable </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:328.54pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Level 3 inputs. See Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:150.51pt;position:var(--position);text-decoration:none;white-space:pre">19. Financial Instruments</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:243.22pt;position:var(--position);text-decoration:none;white-space:pre"> for additional information.</span></div><div style="position:var(--position);top:346.34pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:438pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:438pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in notes from associates</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:11.25pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.76pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">January 1, 2024</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,600<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:24pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Changes in the fair value of the notes</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:24pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">13,131<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:35.25pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.76pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:35.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">17,731<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in Sonde convertible note</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:48pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">150<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:59.25pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Conversion of Vedanta note to preferred shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:59.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(2,836)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Changes in the fair value of the notes</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:70.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(3,628)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81.75pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:133.67000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:81.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">11,417<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.95pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in notes from associates, current</span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:93pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">11,417<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in notes from associates, non-current</span></div></div></div></td><td style="border-bottom:0.5pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:104.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 23688047 0.2744 235441495 0.0182 0.0142 4910000 0 0.482 0.402 5307000 -8492000 -1052000 3185000 0 -5307000 0 5307000 -1651000 -14447000 0.430 0.429 2461000 0.124 0.131 -262000 199000 2397000 -23234000 -4096000 1699000 0 -19138000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The following table provides summarized financial information for Seaport, the Group’s material associate for the years ended </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:385.5pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:112.63pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:131.37pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:204.31pt;position:var(--position);text-decoration:none;white-space:pre">. The information disclosed reflects the amounts presented in the financial statements of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:395.5pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Seaport and not the Group’s share of those amounts. The amounts have been amended to reflect adjustments made by the Group </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:405.5pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">when using the equity method, including fair value adjustments and modifications for differences in accounting policies.</span></div><div style="position:var(--position);top:423.3pt;width:594.72pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:494.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:374.25pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:27.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);width:60pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.86pt;width:60pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:4.42pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:23.439999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:19.26pt;width:60pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:28.39pt;position:var(--position);text-decoration:none;white-space:pre">31, 2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);width:60pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.86pt;width:60pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.33pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:24.46pt;position:var(--position);text-decoration:none;white-space:pre">December </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:19.26pt;width:60pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.15pt;position:var(--position);text-decoration:none;white-space:pre">31, 2024</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:374.25pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Summarized statement of financial position</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:27.75pt;width:60pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:53.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:27.75pt;width:60pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:60pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:53.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:39pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Current assets</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:39pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.72pt"></span></span><span style="left:16.35pt;position:var(--position)">222,944<span style="display:inline-block;height:6.42pt;width:10.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:39pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.5pt"></span></span><span style="left:19.13pt;position:var(--position)">310,151<span style="display:inline-block;height:6.42pt;width:9.44pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:50.25pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Non-current assets</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:50.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.75pt"></span></span><span style="left:21.38pt;position:var(--position)">25,688<span style="display:inline-block;height:6.42pt;width:10.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:50.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.94pt"></span></span><span style="left:28.57pt;position:var(--position)">5,632<span style="display:inline-block;height:6.42pt;width:9.44pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:61.5pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Current liabilities</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:61.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.24pt"></span></span><span style="left:18.869999999999997pt;position:var(--position)">(12,633)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:61.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.86pt"></span></span><span style="left:21.49pt;position:var(--position)">(11,149)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Non-current liabilities</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:72.75pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:11.21pt"></span></span><span style="left:13.84pt;position:var(--position)">(564,576)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:72.75pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.14pt"></span></span><span style="left:16.77pt;position:var(--position)">(460,996)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:84pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Equity awards issued to third parties</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:84pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.24pt"></span></span><span style="left:18.869999999999997pt;position:var(--position)">(12,425)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:84pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.58pt"></span></span><span style="left:26.209999999999997pt;position:var(--position)">(2,042)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:95.25pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:95.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.81pt"></span></span><span style="left:31.439999999999998pt;position:var(--position)">(301)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:95.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.68pt"></span></span><span style="left:41.31pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:9.44pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:106.5pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Net assets/(liabilities)</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:106.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:11.21pt"></span></span><span style="left:13.84pt;position:var(--position)">(341,302)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:106.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.14pt"></span></span><span style="left:16.77pt;position:var(--position)">(158,405)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:129pt;width:374.25pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Reconciliation to carrying amounts:</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Opening net assets/(liabilities)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:140.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:11.21pt"></span></span><span style="left:13.84pt;position:var(--position)">(158,405)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:140.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.14pt"></span></span><span style="left:16.77pt;position:var(--position)">(156,414)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:151.5pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Profit/(loss) for the period</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:151.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:11.21pt"></span></span><span style="left:13.84pt;position:var(--position)">(182,897)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:151.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.58pt"></span></span><span style="left:26.209999999999997pt;position:var(--position)">(1,991)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162.75pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Closing net assets/(liabilities)</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:162.75pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:11.21pt"></span></span><span style="left:13.84pt;position:var(--position)">(341,302)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:162.75pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.14pt"></span></span><span style="left:16.77pt;position:var(--position)">(158,405)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:185.25pt;width:374.25pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Group's share in %</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:185.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:31.44pt;position:var(--position)"></span><span style="left:31.44pt;position:var(--position)">12.4<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:51.55pt;position:var(--position)">%</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:185.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:33.29pt;position:var(--position)"></span><span style="left:33.29pt;position:var(--position)">13.1<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span><span style="left:52.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:196.5pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Group's share of net assets (net deficit)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:196.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.24pt"></span></span><span style="left:18.869999999999997pt;position:var(--position)">(42,300)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:196.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.86pt"></span></span><span style="left:21.49pt;position:var(--position)">(20,764)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:207.75pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Unrecognized goodwill and intangibles</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:207.75pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.75pt"></span></span><span style="left:21.38pt;position:var(--position)">23,162<span style="display:inline-block;height:6.42pt;width:10.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:207.75pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:21.22pt"></span></span><span style="left:23.849999999999998pt;position:var(--position)">23,162<span style="display:inline-block;height:6.42pt;width:9.44pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:219pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Equity method losses recorded against long-term interests</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:219pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.24pt"></span></span><span style="left:18.869999999999997pt;position:var(--position)">(19,138)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:219pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.68pt"></span></span><span style="left:41.31pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:9.44pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:230.25pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Carrying amount of Investment in associates</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:230.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.91pt"></span></span><span style="left:40.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:10.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:230.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.94pt"></span></span><span style="left:28.57pt;position:var(--position)">2,397<span style="display:inline-block;height:6.42pt;width:9.44pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-top:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #000000;border-top:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:241.5pt;width:120pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:120pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:6.04pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:71.02000000000001pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:252.75pt;width:374.25pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Statement of comprehensive income/(loss)</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:252.75pt;width:60pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:40.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:252.75pt;width:60pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:60pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:41.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:264pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Profit/(loss) from continuing operations (100%)</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:264pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:11.21pt"></span></span><span style="left:13.84pt;position:var(--position)">(182,897)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:264pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.58pt"></span></span><span style="left:26.209999999999997pt;position:var(--position)">(1,991)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:275.25pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Profit/(loss) for the year</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:275.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:11.21pt"></span></span><span style="left:13.84pt;position:var(--position)">(182,897)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:275.25pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.58pt"></span></span><span style="left:26.209999999999997pt;position:var(--position)">(1,991)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:10.5pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:286.5pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:0.51pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total comprehensive income/(loss)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:286.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:0.51pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:11.21pt"></span></span><span style="left:13.84pt;position:var(--position)">(182,897)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:286.5pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:0.51pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.58pt"></span></span><span style="left:26.209999999999997pt;position:var(--position)">(1,991)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr><tr style="height:10.5pt"><td style="border-bottom:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:297pt;width:374.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:0.51pt;width:374.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Group's share in gain (net losses)</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:374.25pt;position:var(--position);top:297pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:0.51pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.24pt"></span></span><span style="left:18.869999999999997pt;position:var(--position)">(23,234)<span style="display:inline-block;height:6.42pt;width:7.7pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:434.25pt;position:var(--position);top:297pt;width:60pt"><div><div style="line-height:8.5pt;position:var(--position);top:0.51pt;width:60pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:30.66pt"></span></span><span style="left:33.29pt;position:var(--position)">(262)<span style="display:inline-block;height:6.42pt;width:7.08pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:83.91pt;width:594.72pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">6.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Investments in Associates continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The follo</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:89.88pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">wing table summ</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:154.24pt;position:var(--position);text-decoration:none;white-space:pre">arizes the activities related to the investment in associates balance for the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:432.43pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:478.69pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:480.9pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:553.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:73.22pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:90.9pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="position:var(--position);top:127.66pt;width:594.72pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:438pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:14.25pt"><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:438pt"><div><div style="line-height:7pt;position:var(--position);top:5.76pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in Associates</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:5.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:52.36pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:14.25pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.76pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">January 1, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:14.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,185<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:438pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in Seaport – deconsolidation</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">2,461<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:438pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain on dilution of interest in associates</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">199<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share in gain/(loss) of associates</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:49.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(8,754)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60.75pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share of losses recorded against long-term Interests (LTIs)</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:60.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">5,307<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:72pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">2,397<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain on dilution of interest in associates</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:83.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">1,699<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share in net gain/(loss) of associates – limited to net investment amount</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:94.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.59pt"></span></span><span style="left:27.22pt;position:var(--position)">(17,928)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share of losses recorded against long-term Interests (LTIs)</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:105.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">13,831<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:117pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 222944000 310151000 25688000 5632000 12633000 11149000 564576000 460996000 12425000 2042000 -301000 0 -341302000 -158405000 -158405000 -156414000 -182897000 -1991000 -341302000 -158405000 0.124 0.131 -42300000 -20764000 23162000 23162000 19138000 0 0 2397000 -182897000 -1991000 -182897000 -1991000 -182897000 -1991000 -23234000 -262000 3185000 2461000 199000 -8754000 5307000 2397000 1699000 -17928000 13831000 0 1200000 150000 0 -150000 15000000 0.15 5 11850000 10729000 1121000 0 15000000 11417000 11381000 36000 11381000 -27230000 18000000 5000000 0.09 0.80 P60D 5000000 -2836000 10129586 6350000 -3514000 1750000 -400000 <span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">The following is the activity in respect of investments in notes from ass</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:320.39pt;position:var(--position);text-decoration:none;white-space:pre">ociates during the period. The fair value of the notes from </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:318.54pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">associates of </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:107.05pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$11,417</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:135.78pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:154.51999999999998pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$17,731</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:183.25pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:185.46pt;position:var(--position);text-decoration:none;white-space:pre">as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:205.46pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:278.4pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:297.14pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:370.08pt;position:var(--position);text-decoration:none;white-space:pre">, respectively, is determined using unobservable </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:328.54pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Level 3 inputs. See Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:150.51pt;position:var(--position);text-decoration:none;white-space:pre">19. Financial Instruments</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:243.22pt;position:var(--position);text-decoration:none;white-space:pre"> for additional information.</span></div><div style="position:var(--position);top:346.34pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:438pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:438pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in notes from associates</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:11.25pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.76pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">January 1, 2024</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,600<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:24pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Changes in the fair value of the notes</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:24pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">13,131<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:35.25pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.76pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:35.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">17,731<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in Sonde convertible note</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:48pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">150<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:59.25pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Conversion of Vedanta note to preferred shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:59.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(2,836)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Changes in the fair value of the notes</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:70.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(3,628)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81.75pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:133.67000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:81.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">11,417<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.95pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in notes from associates, current</span></div></div></div></td><td style="border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:93pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">11,417<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in notes from associates, non-current</span></div></div></div></td><td style="border-bottom:0.5pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:104.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 11417000 17731000 4600000 13131000 17731000 150000 -2836000 -3628000 11417000 11417000 0 <div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">8.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on Deconsolidation of Subsidiary</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Upon the Group losing control over a subsidiary, the assets and liabilities of the subsidiary are derecognized along with any related </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">non-controlling interest. Any interest that the Group retains in the former subsidiary is measured at fair value when control is lost. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Any resulting gain or loss is included in gain/(loss) on deconsolidation of subsidiary in the Consolidated Statement of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Comprehensive Income/(Loss).</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:155.46pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Vedanta</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:165.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">On March 1, 2023, Vedanta issued convertible debt to a syndicate of investors. The Group did not participate in this round of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:175.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">financing. As part of the issuance of the debt, the convertible debt holders were granted representation on Vedanta's Board of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Directors, and the Group lost control over the Vedanta Board of Directors, which is the governance body that has the power to </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">direct the relevant activities of Vedanta. Consequently, Vedanta was deconsolidated on March 1, 2023 from the Group’s </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:205.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated Financial Statements. The results of Vedanta’s operations are included in the Group’s Consolidated Financial </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:215.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Statements through the date of deconsolidation.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:233.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Following Vedanta's deconsolidation, the Group had significant influence over Vedanta through its voting interest in Vedanta and its </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:243.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">remaining representation on Vedanta's Board of Directors. The convertible preferred shares in Vedanta the Group holds do not </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:253.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">provide their holders with access to returns associated with a residual equity interest, and as such, are accounted for under IFRS 9, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:263.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Financial Instruments, as investments held at fair value with changes in fair value recorded in profit and loss. Under IFRS 9, the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:273.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Group’s preferred share investment is categorized as a debt instrument that is presented at fair value through profit and loss </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:283.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">because the amounts receivable do not represent solely payments of principal and interest.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:301.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Upon deconsolidation, the Group derecognized the assets, liabilities and non-controlling interest in respect of Vedanta and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:311.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">recorded its aforementioned investment in Vedanta at fair value. The deconsolidation resulted in a gain of </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:440.16pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$61,787</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:468.89pt;position:var(--position);text-decoration:none;white-space:pre">. As of the date </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:321.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">of deconsolidation, the investment in Vedanta convertible preferred shares held at fair value </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:387.74pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">amounted to </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:438.9pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$20,456</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:467.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">. </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:339.06pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">As of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:61.099999999999994pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2025</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:136.29pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> and </span></span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:155.32999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:230.52pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, the Group’s investment in Vedanta convertible preferred shares was held at fair </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:349.06pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">value of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:71.47999999999999pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$553</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:89.16pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> and </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:107.89999999999999pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$11,163</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:136.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, respectively, and categorized as Level 3 in the fair value hierarchy. </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:366.86pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Seaport</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:377.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">On October 18, 2024, Seaport completed a Series B preferred share financing</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:331.98pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> and amended its Voting Agreement to grant the </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:387.06pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">Series B preferred stockholders’ representation on Seaport’s Board of Directors. As a result of the Series B preferred share financing </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:397.06pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">and the amendments to the Voting Agreement, the Gro</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:250.12pt;position:var(--position);text-decoration:none;white-space:pre">up's voting interest was reduced below 50%, and the Group no longer </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:407.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">controls Seaport’s Board of Directors, which is the governance body that has the power to direct the relevant activities of Seaport. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:417.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Therefore, the Group concluded that it lost control over Seaport, and Seaport was deconsolidated on October 18, 2024 from the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:427.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Group’s Consolidated Financial Statements. The results of Seaport’s operations are included in the Group’s Consolidated Financial </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:437.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Statements through the date of deconsolidation.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:454.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Following deconsolidation, the Group has significant influence over Seaport through its voting interest in Seaport and its remaining </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:464.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">representation on Seaport’s Board of Directors. The Group holds Preferred A-1, A-2 and B shares in addition to common shares. The </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:474.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">common shares are accounted for under the equity method as prescribed by IAS 28, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:359.02pt;position:var(--position);text-decoration:none;white-space:pre">Investments in Associates and Joint Ventures</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:528.03pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:484.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Preferred A-1, A-2 and B shares do not provide their shareholders with access to returns associated with a residual equity </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:494.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">interest, and, as such, are accounted for under IFRS 9, Financial Instruments, as investments held at fair value with changes in fair </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:504.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">value recorded in profit and loss. Under IFRS 9, the A-1, A-2 and B preferred share investments are categorized as debt instruments </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:514.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">that are presented at fair value through profit and loss because the amounts receivable do not represent solely payments of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:524.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">principal and interest. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:542.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Upon deconsolidation, the Group derecognized the assets, liabilities and non-controlling interest in respect of Seaport and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:552.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">recorded its aforementioned investment in Seaport at fair value. The deconsolidation resulted in a gain of </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:438.58pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$151,808</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:471.73pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">.</span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:570.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:60.62pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:132.2pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:150.54pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:222.12pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">, the Group’s investment in Seaport’s convertible preferred shares was held at fair </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:580.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">value of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:70.75999999999999pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">$236,003</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:103.27pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:121.61pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">$177,288</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:154.12pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">, respectively, and categorized as Level 3 in the fair value hierarchy</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:397.92pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">. The significant unobservable inputs </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:590.46pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">used in the fair value measurement of the Group’s investment in the convertible </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:335.26pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">preferred shares of Seaport and the sensitivity of the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:600.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">fair value measurement to changes to these significant unobservable inputs are disclosed in Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:399.96999999999997pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">19. Financial Instruments</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:490.68pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">8.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on Deconsolidation of Subsidiary continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The following table summarizes the assets, liabilities and non-controlling interest of Seaport and Vedanta derecognized from the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Group in the years ended </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:155.20999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:230.4pt;position:var(--position);text-decoration:none;white-space:pre"> and</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:247.07999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:249.29pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">2023</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:266.97pt;position:var(--position);text-decoration:none;white-space:pre">, respectively. </span></div><div style="position:var(--position);top:135.46pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57.75pt"></td></tr><tr style="height:21pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:4.11pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:12.51pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57.75pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:4.11pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:39.56pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:12.51pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:51.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:21pt;width:381pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Assets, Liabilities and non-controlling interests in deconsolidated subsidiary</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:21pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:29.9pt;position:var(--position);text-decoration:none;white-space:pre">Seaport</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:21pt;width:57.75pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:29.22pt;position:var(--position);text-decoration:none;white-space:pre">Vedanta</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:32.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:32.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.74pt"></span></span><span style="left:27.369999999999997pt;position:var(--position)">(91,570)<span style="display:inline-block;height:6.42pt;width:0.15pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:32.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.64pt"></span></span><span style="left:28.27pt;position:var(--position)">(13,784)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other receivables</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:43.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.79pt"></span></span><span style="left:38.42pt;position:var(--position)">(220)<span style="display:inline-block;height:6.42pt;width:0.15pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:43.5pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.69pt"></span></span><span style="left:39.32pt;position:var(--position)">(702)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid assets</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:54.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.16pt"></span></span><span style="left:31.79pt;position:var(--position)">(1,309)<span style="display:inline-block;height:6.42pt;width:0.15pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:54.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:30.06pt"></span></span><span style="left:32.69pt;position:var(--position)">(3,516)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Property and equipment, net</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:66pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.79pt"></span></span><span style="left:38.42pt;position:var(--position)">(175)<span style="display:inline-block;height:6.42pt;width:0.15pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:66pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:30.06pt"></span></span><span style="left:32.69pt;position:var(--position)">(8,092)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Right of use asset, net</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:77.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.76pt"></span></span><span style="left:45.39pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:77.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:30.06pt"></span></span><span style="left:32.69pt;position:var(--position)">(2,477)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other payables</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:88.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.37pt"></span></span><span style="left:34pt;position:var(--position)">6,102<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:88.5pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.85pt"></span></span><span style="left:30.48pt;position:var(--position)">15,078<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other payables due to PureTech</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:99.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.37pt"></span></span><span style="left:34pt;position:var(--position)">3,370<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:99.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.9pt"></span></span><span style="left:41.53pt;position:var(--position)">139<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deferred revenue</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:111pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.76pt"></span></span><span style="left:45.39pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:111pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:32.27pt"></span></span><span style="left:34.900000000000006pt;position:var(--position)">1,902<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Lease liabilities (including current portion)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:122.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.76pt"></span></span><span style="left:45.39pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:122.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:32.27pt"></span></span><span style="left:34.900000000000006pt;position:var(--position)">4,146<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:133.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Long-term loan (including current portion)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:133.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.76pt"></span></span><span style="left:45.39pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:133.5pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.85pt"></span></span><span style="left:30.48pt;position:var(--position)">15,446<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:144.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary preferred shares and warrants</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:144.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.95pt"></span></span><span style="left:29.58pt;position:var(--position)">76,208<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:144.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.85pt"></span></span><span style="left:30.48pt;position:var(--position)">24,568<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:156pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Other assets and liabilities, net</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:156pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.79pt"></span></span><span style="left:38.42pt;position:var(--position)">(475)<span style="display:inline-block;height:6.42pt;width:0.15pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:156pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.69pt"></span></span><span style="left:39.32pt;position:var(--position)">(462)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:167.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Sub-total (net assets)/liabilities</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:167.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.66pt"></span></span><span style="left:30.29pt;position:var(--position)">(8,070)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:167.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.2pt"></span></span><span style="left:28.83pt;position:var(--position)">32,246<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:178.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Derecognize carrying value of non-controlling interest</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:178.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.16pt"></span></span><span style="left:31.79pt;position:var(--position)">(7,430)<span style="display:inline-block;height:6.42pt;width:0.15pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:178.5pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:32.27pt"></span></span><span style="left:34.900000000000006pt;position:var(--position)">9,085<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Recognize investment retained in deconsolidated subsidiary at fair value*</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:189.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.53pt"></span></span><span style="left:25.16pt;position:var(--position)">167,308<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:189.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.85pt"></span></span><span style="left:30.48pt;position:var(--position)">20,456<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:201pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Calculated gain on deconsolidation</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:201pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.58pt"></span></span><span style="left:23.209999999999997pt;position:var(--position)">151,808<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:201pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.2pt"></span></span><span style="left:28.83pt;position:var(--position)">61,787<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:360.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">* Recognized investment in 2024 includes preferred shares held at fair value of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:265.69pt;position:var(--position);text-decoration:none;white-space:pre">$164,848</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:289.09000000000003pt;position:var(--position);text-decoration:none;white-space:pre"> and common stock accounted for under the equity method with a fair value of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:498.89pt;position:var(--position);text-decoration:none;white-space:pre">$2,461</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:516.05pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div> 61787000 20456000 553000 11163000 151808000 236003000 177288000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The following table summarizes the assets, liabilities and non-controlling interest of Seaport and Vedanta derecognized from the </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Group in the years ended </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:155.20999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:230.4pt;position:var(--position);text-decoration:none;white-space:pre"> and</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:247.07999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:249.29pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">2023</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:266.97pt;position:var(--position);text-decoration:none;white-space:pre">, respectively. </span></div><div style="position:var(--position);top:135.46pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57.75pt"></td></tr><tr style="height:21pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:4.11pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:12.51pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57.75pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:4.11pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:39.56pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:12.51pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:51.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:21pt;width:381pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Assets, Liabilities and non-controlling interests in deconsolidated subsidiary</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:21pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:29.9pt;position:var(--position);text-decoration:none;white-space:pre">Seaport</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:21pt;width:57.75pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:29.22pt;position:var(--position);text-decoration:none;white-space:pre">Vedanta</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:32.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:32.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.74pt"></span></span><span style="left:27.369999999999997pt;position:var(--position)">(91,570)<span style="display:inline-block;height:6.42pt;width:0.15pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:32.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.64pt"></span></span><span style="left:28.27pt;position:var(--position)">(13,784)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:43.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other receivables</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:43.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.79pt"></span></span><span style="left:38.42pt;position:var(--position)">(220)<span style="display:inline-block;height:6.42pt;width:0.15pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:43.5pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.69pt"></span></span><span style="left:39.32pt;position:var(--position)">(702)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid assets</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:54.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.16pt"></span></span><span style="left:31.79pt;position:var(--position)">(1,309)<span style="display:inline-block;height:6.42pt;width:0.15pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:54.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:30.06pt"></span></span><span style="left:32.69pt;position:var(--position)">(3,516)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Property and equipment, net</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:66pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.79pt"></span></span><span style="left:38.42pt;position:var(--position)">(175)<span style="display:inline-block;height:6.42pt;width:0.15pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:66pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:30.06pt"></span></span><span style="left:32.69pt;position:var(--position)">(8,092)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Right of use asset, net</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:77.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.76pt"></span></span><span style="left:45.39pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:77.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:30.06pt"></span></span><span style="left:32.69pt;position:var(--position)">(2,477)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other payables</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:88.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.37pt"></span></span><span style="left:34pt;position:var(--position)">6,102<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:88.5pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.85pt"></span></span><span style="left:30.48pt;position:var(--position)">15,078<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other payables due to PureTech</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:99.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.37pt"></span></span><span style="left:34pt;position:var(--position)">3,370<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:99.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.9pt"></span></span><span style="left:41.53pt;position:var(--position)">139<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:111pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deferred revenue</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:111pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.76pt"></span></span><span style="left:45.39pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:111pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:32.27pt"></span></span><span style="left:34.900000000000006pt;position:var(--position)">1,902<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:122.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Lease liabilities (including current portion)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:122.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.76pt"></span></span><span style="left:45.39pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:122.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:32.27pt"></span></span><span style="left:34.900000000000006pt;position:var(--position)">4,146<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:133.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Long-term loan (including current portion)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:133.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.76pt"></span></span><span style="left:45.39pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:133.5pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.85pt"></span></span><span style="left:30.48pt;position:var(--position)">15,446<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:144.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary preferred shares and warrants</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:144.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.95pt"></span></span><span style="left:29.58pt;position:var(--position)">76,208<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:144.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.85pt"></span></span><span style="left:30.48pt;position:var(--position)">24,568<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:156pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Other assets and liabilities, net</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:156pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.79pt"></span></span><span style="left:38.42pt;position:var(--position)">(475)<span style="display:inline-block;height:6.42pt;width:0.15pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:156pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.69pt"></span></span><span style="left:39.32pt;position:var(--position)">(462)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:167.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Sub-total (net assets)/liabilities</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:167.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.66pt"></span></span><span style="left:30.29pt;position:var(--position)">(8,070)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:167.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.2pt"></span></span><span style="left:28.83pt;position:var(--position)">32,246<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:178.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Derecognize carrying value of non-controlling interest</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:178.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.16pt"></span></span><span style="left:31.79pt;position:var(--position)">(7,430)<span style="display:inline-block;height:6.42pt;width:0.15pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:178.5pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:32.27pt"></span></span><span style="left:34.900000000000006pt;position:var(--position)">9,085<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:189.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Recognize investment retained in deconsolidated subsidiary at fair value*</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:189.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.53pt"></span></span><span style="left:25.16pt;position:var(--position)">167,308<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:189.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.85pt"></span></span><span style="left:30.48pt;position:var(--position)">20,456<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:201pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Calculated gain on deconsolidation</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:201pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.58pt"></span></span><span style="left:23.209999999999997pt;position:var(--position)">151,808<span style="display:inline-block;height:6.42pt;width:2.36pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:201pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.2pt"></span></span><span style="left:28.83pt;position:var(--position)">61,787<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:360.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">* Recognized investment in 2024 includes preferred shares held at fair value of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:265.69pt;position:var(--position);text-decoration:none;white-space:pre">$164,848</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:289.09000000000003pt;position:var(--position);text-decoration:none;white-space:pre"> and common stock accounted for under the equity method with a fair value of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:498.89pt;position:var(--position);text-decoration:none;white-space:pre">$2,461</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:516.05pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div> 91570000 13784000 220000 702000 1309000 3516000 175000 8092000 0 2477000 6102000 15078000 3370000 139000 0 1902000 0 4146000 0 15446000 76208000 24568000 475000 462000 8070000 -32246000 -7430000 9085000 167308000 20456000 151808000 61787000 164848000 2461000 <div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">9.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Operating Expenses</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Total operating expenses were as follows:</span></div><div style="position:var(--position);top:126.66pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:20.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:324.75pt"><div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the years ended December 31,</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">46,618<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">71,469<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">53,295<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Research and development</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">56,567<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">69,454<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">96,235<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total operating expenses</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">103,185<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">140,923<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">149,530<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:190.91pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The average number of persons employed by the Group during the year, analyzed by category, was as follows:</span></div><div style="position:var(--position);top:208.71pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:324.75pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the years ended December 31,</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:11.25pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">35<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">39<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">40<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:22.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Research and development</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:22.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">27<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:22.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">41<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:22.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">56<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:33.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">62<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:33.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">80<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:33.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">96<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:263.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The aggregate payroll costs of these perso</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:200.98pt;position:var(--position);text-decoration:none;white-space:pre">ns were as f</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:244.74pt;position:var(--position);text-decoration:none;white-space:pre">ollows:</span></div><div style="position:var(--position);top:281.76pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:324.75pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the years ended December 31,</span></div></div></div></td></tr><tr style="height:12pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">22,616<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">40,559<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">24,586<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Research and development</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">10,824<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">15,023<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">21,102<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">33,440<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">55,581<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">45,688<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:348.56pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Detailed operating expenses were as</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:179.41pt;position:var(--position);text-decoration:none;white-space:pre"> follows:</span></div><div style="position:var(--position);top:366.36pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:324.75pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the years ended December 31,</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Salaries and wages</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">22,475<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">29,032<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">37,084<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Healthcare and other benefits</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,707<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,203<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,599<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Payroll taxes</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,035<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,496<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,590<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share-based payments</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">8,222<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">22,850<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,415<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total payroll costs</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">33,440<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">55,581<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">45,688<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Amortization </span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,764<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,764<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,979<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,585<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,807<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,955<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total amortization and depreciation expenses</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:98.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,348<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:98.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,571<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:98.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,933<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:109.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Other general and administrative expenses</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:109.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">20,653<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:109.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">27,491<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:109.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">25,180<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120.75pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Other research and development expenses</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:120.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">45,743<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:120.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">54,280<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:120.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">73,729<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total other operating expenses</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:132pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">66,397<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:132pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">81,771<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:132pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">98,909<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:143.25pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total operating expenses</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:143.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">103,185<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:143.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">140,923<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:143.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">149,530<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:531.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Please refer to Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:117.59pt;position:var(--position);text-decoration:none;white-space:pre">10 Share-based Payments</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:214.55pt;position:var(--position);text-decoration:none;white-space:pre"> for further disclosures related to share-based payments and Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:464.76pt;position:var(--position);text-decoration:none;white-space:pre">26. Related Parties </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:541.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Transactions</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:86.88pt;position:var(--position);text-decoration:none;white-space:pre"> for management’s remuneration disclosures.</span></div> <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Total operating expenses were as follows:</span><div style="position:var(--position);top:126.66pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:20.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:324.75pt"><div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the years ended December 31,</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">46,618<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">71,469<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">53,295<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Research and development</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">56,567<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">69,454<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">96,235<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total operating expenses</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">103,185<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">140,923<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">149,530<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Detailed operating expenses were as</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:179.41pt;position:var(--position);text-decoration:none;white-space:pre"> follows:</span><div style="position:var(--position);top:366.36pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:324.75pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the years ended December 31,</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Salaries and wages</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">22,475<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">29,032<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">37,084<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Healthcare and other benefits</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,707<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,203<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,599<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Payroll taxes</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,035<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,496<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,590<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share-based payments</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">8,222<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">22,850<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,415<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total payroll costs</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">33,440<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">55,581<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">45,688<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Amortization </span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,764<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,764<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,979<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,585<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,807<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,955<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total amortization and depreciation expenses</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:98.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,348<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:98.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,571<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:98.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,933<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:109.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Other general and administrative expenses</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:109.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">20,653<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:109.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">27,491<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:109.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">25,180<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120.75pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Other research and development expenses</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:120.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">45,743<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:120.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">54,280<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:120.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">73,729<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total other operating expenses</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:132pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">66,397<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:132pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">81,771<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:132pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">98,909<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:143.25pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total operating expenses</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:143.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">103,185<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:143.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">140,923<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:143.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">149,530<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 46618000 71469000 53295000 56567000 69454000 96235000 103185000 140923000 149530000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The average number of persons employed by the Group during the year, analyzed by category, was as follows:</span><div style="position:var(--position);top:208.71pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:324.75pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the years ended December 31,</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:11.25pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">35<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">39<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">40<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:22.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Research and development</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:22.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">27<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:22.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">41<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:22.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">56<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:33.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">62<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:33.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">80<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:33.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">96<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 35 39 40 27 41 56 62 80 96 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The aggregate payroll costs of these perso</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:200.98pt;position:var(--position);text-decoration:none;white-space:pre">ns were as f</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:244.74pt;position:var(--position);text-decoration:none;white-space:pre">ollows:</span><div style="position:var(--position);top:281.76pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:324.75pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the years ended December 31,</span></div></div></div></td></tr><tr style="height:12pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">22,616<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">40,559<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">24,586<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Research and development</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">10,824<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">15,023<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">21,102<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">33,440<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">55,581<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">45,688<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 22616000 40559000 24586000 10824000 15023000 21102000 33440000 55581000 45688000 22475000 29032000 37084000 1707000 2203000 2599000 1035000 1496000 1590000 8222000 22850000 4415000 33440000 55581000 45688000 1764000 1764000 1979000 1585000 1807000 2955000 3348000 3571000 4933000 20653000 27491000 25180000 45743000 54280000 73729000 66397000 81771000 98909000 103185000 140923000 149530000 <div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">10</span><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:10.14pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Share-based Payments</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Share-based payments include stock options and restricted stock units (“RSUs”). Expense for stock options and time-based RSUs is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">recognized based on the grant date fair value of these awards. Performance-based RSUs to executives are treated as liability awards </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and the related expense is recognized based on reporting date fair value up until settlement date.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:145.46pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Share-based Payment Expense</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:154.98pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group's share-based payment expense for the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:250.41pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:296.66999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:298.88pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025, 2024 and 2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:430.34pt;position:var(--position);text-decoration:none;white-space:pre">, was </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:450.98pt;position:var(--position);text-decoration:none;white-space:pre">$8,222</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:475.29pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:479.71pt;position:var(--position);text-decoration:none;white-space:pre">$22,850</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:508.44pt;position:var(--position);text-decoration:none;white-space:pre">, and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:164.98pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">$4,415</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:81pt;position:var(--position);text-decoration:none;white-space:pre">, respectively. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.49pt;position:var(--position);text-decoration:none;white-space:pre">The following table provides the classification of the Group’s consolidated share-based payment expense as </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:174.98pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">reflected in the Consolidated Statement of Income/(Loss):</span></div><div style="position:var(--position);top:184.98pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:20.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:324pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:11.76pt;width:324pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Year ended</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:36.08pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.019999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">6,893<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">21,993<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,185<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Research and development</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,329<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">857<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,230<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">8,222<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">22,850<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,415<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:249.23pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Performance Share Plan</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:259.43pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">In June 2015, the Group adopted the Performance Stock Plan (the “2015 PSP”). Under the 2015 PSP and subsequent amendments, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:269.43pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">awards of ordinary shares may be made to the Directors, senior managers and employees, and other individuals providing services </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:279.43pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">to the Group up to a maximum authorized amount of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:259.11pt;position:var(--position);text-decoration:none;white-space:pre">10%</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:275.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:277.99pt;position:var(--position);text-decoration:none;white-space:pre">of the total ordinary shares outstanding.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:297.23pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">In June 2023, the Group adopted a new Performance Stock Plan (the "2023 PSP") that has the same terms as the 2015 PSP but </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:307.23pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">instituted for all new awards a limit of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:198.79pt;position:var(--position);text-decoration:none;white-space:pre">10%</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:215.31pt;position:var(--position);text-decoration:none;white-space:pre"> of the total ordinary shares outstanding over a </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:393.32pt;position:var(--position);text-decoration:none;white-space:pre">five</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:406.52pt;position:var(--position);text-decoration:none;white-space:pre">-year</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:425.24pt;position:var(--position);text-decoration:none;white-space:pre"> period.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:325.03pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The awards granted under these plans have various vesting terms over a period of service between </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:430.43pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-1299">one</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:444.91pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:463.65pt;position:var(--position);text-decoration:none;white-space:pre">four years</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:500.46999999999997pt;position:var(--position);text-decoration:none;white-space:pre">, provided the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:335.03pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">recipient remains continuously engaged as a service provider. The options awards expire </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:392.77pt;position:var(--position);text-decoration:none;white-space:pre">10 years</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:423.33pt;position:var(--position);text-decoration:none;white-space:pre"> from the grant date.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:352.83pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The share-based awards granted under these plans are generally equity-settled (see cash settlements below). As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:490.86pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:362.83pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:74.37pt;position:var(--position);text-decoration:none;white-space:pre">, the Group has issue</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:153.55pt;position:var(--position);text-decoration:none;white-space:pre">d </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:160.95pt;position:var(--position);text-decoration:none;white-space:pre">32,199,101</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:200.73pt;position:var(--position);text-decoration:none;white-space:pre"> units of share-based awards under these plans.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:380.63pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">RSUs</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:390.83pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">During the twelve months ended </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:182.73000000000002pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025 and 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:295.84000000000003pt;position:var(--position);text-decoration:none;white-space:pre">, the Group granted the following RSUs to certain non-executive </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:400.83pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Directors, executives and employees: </span></div><div style="position:var(--position);top:418.63pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:20.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:381.75pt"><div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Year ended December 31,</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Time-based RSUs</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">4,855,916<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.05pt"></span></span><span style="left:18.68pt;position:var(--position)">4,388,116<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Performance-based RSUs</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">1,494,919<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.05pt"></span></span><span style="left:18.68pt;position:var(--position)">1,822,151<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total RSUs </span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">6,350,835<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.05pt"></span></span><span style="left:18.68pt;position:var(--position)">6,210,267<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:485.43pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">RSU activity for the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:129.84pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:176.1pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:178.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025, 2024 and 2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:309.77pt;position:var(--position);text-decoration:none;white-space:pre"> is detailed as follows:</span></div><div style="position:var(--position);top:495.43pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:35.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:18.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:20.44pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:7pt;position:var(--position);top:26.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:15.51pt;position:var(--position);text-decoration:none;white-space:pre">Shares/Units</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:23.56pt;position:var(--position);text-decoration:none;white-space:pre">Weighted </span></div><div style="line-height:7pt;position:var(--position);top:11.03pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:8.66pt;position:var(--position);text-decoration:none;white-space:pre">Average Grant </span></div><div style="line-height:7pt;position:var(--position);top:19.43pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.59pt;position:var(--position);text-decoration:none;white-space:pre">Date Fair Value </span></div><div style="line-height:7pt;position:var(--position);top:27.83pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.19pt;position:var(--position);text-decoration:none;white-space:pre">(GBP) (*)</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:35.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding (Non-vested) at January 1, 2023</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:35.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">6,090,780<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:35.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">1.74<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:46.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">RSUs Granted in Period</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:46.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.75pt"></span></span><span style="left:18.38pt;position:var(--position)">3,679,669<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:46.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.28<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:57.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.17pt"></span></span><span style="left:22.8pt;position:var(--position)">(716,029)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:57.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">2.00<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:69pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.54pt"></span></span><span style="left:16.169999999999998pt;position:var(--position)">(1,880,274)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:69pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.94<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:80.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding (Non-vested) at December 31, 2023</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:80.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">7,174,146<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:80.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">1.10<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:91.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">RSUs Granted in Period</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:91.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.75pt"></span></span><span style="left:18.38pt;position:var(--position)">6,210,267<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:91.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.63<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:102.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.54pt"></span></span><span style="left:16.169999999999998pt;position:var(--position)">(1,347,729)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:102.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.71<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:114pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.54pt"></span></span><span style="left:16.169999999999998pt;position:var(--position)">(3,057,962)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:114pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.75<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:125.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding (Non-vested) at December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:125.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">8,978,722<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:125.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">1.29<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:136.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">RSUs Granted in Period</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:136.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.75pt"></span></span><span style="left:18.38pt;position:var(--position)">6,350,835<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:136.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.14<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:147.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.54pt"></span></span><span style="left:16.169999999999998pt;position:var(--position)">(3,184,023)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:147.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.62<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:159pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:159pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.54pt"></span></span><span style="left:16.169999999999998pt;position:var(--position)">(2,757,344)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:159pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.39<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:170.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding (Non-vested) at December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:170.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">9,388,190<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:170.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">1.20<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:682.93pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">*<span style="display:inline-block;height:4.53pt;width:11.51pt"></span></span><span style="left:70.86pt;position:var(--position)">For liability awards - based on fair value at reporting date or settlement date.</span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:700.33pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Each RSU entitles the holder to </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:175.97pt;position:var(--position);text-decoration:none;white-space:pre">one</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:190.45pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary share on vesting and the RSU awards are generally based on a vesting schedule over a </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:710.33pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-1337">one</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:71.17pt;position:var(--position);text-decoration:none;white-space:pre"> to </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:83.46pt;position:var(--position);text-decoration:none;white-space:pre">three</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:103.28pt;position:var(--position);text-decoration:none;white-space:pre">-year</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:122pt;position:var(--position);text-decoration:none;white-space:pre"> requisite service period in which the Group recognizes compensation expense for the RSUs. Following vesting, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:720.33pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">each recipient will be required to make a payment of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:257.46000000000004pt;position:var(--position);text-decoration:none;white-space:pre">one</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:271.94pt;position:var(--position);text-decoration:none;white-space:pre"> pence per ordinary share on settlement of the RSUs. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:738.13pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">RSUs granted to the non-executive directors and employees are time-based and equity-settled. The grant date fair value on such </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:748.13pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">RSUs is recognized over the vesting term.</span></div><div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">10</span><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:10.14pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Share-based Payments continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">RSUs granted to executives are performance-based and vesting of such RSUs is subject to the satisfaction of both performance and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">market conditions. The performance condition is based on the achievement of the Group's strategic targets. The market conditions </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">are based on the achievement of the absolute total shareholder return (“TSR”), TSR as compared to the FTSE 250 Index, and TSR as </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">compared to the MSCI Europe Health Care Index. The RSU award performance criteria have changed over time as the criteria are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">continually evaluated by the Group’s Remuneration Committee.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:165.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">The Group recognizes the estimated fair value of performance-based awards with non-market conditions as share-based compensation </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:175.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">expense over the performance period based upon its determination of whether it is probable that the performance targets will be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">achieved. The Group assesses the probability of achieving the performance targets at each reporting period. Cumulative adjustments, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">if any, are recorded to reflect subsequent changes in the estimated outcome of performance-related conditions.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:213.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The fair value of the performance-based awards with market conditions is based on the Monte Carlo simulation analysis utilizing </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:223.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">a Geometric Brownian Motion process with </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:204.45pt;position:var(--position);text-decoration:none;white-space:pre">100,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:233.18pt;position:var(--position);text-decoration:none;white-space:pre"> simulations to value those shares. The model considers share price volatility, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:233.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">risk-free rate and other covariance of comparable public companies and other market data to predict distribution of relative </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:243.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">share performance.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:261.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The RSUs to executives are treated as liability awards as the Group has a historical practice of settling these awards in cash, and as </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:271.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">such adjusted to fair value at every reporting date until settlement with changes in fair value recorded in earnings as share-based </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:281.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">compensation expense.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:298.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group recorded </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:119.62pt;position:var(--position);text-decoration:none;white-space:pre">$5,713</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:145.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:150pt;position:var(--position);text-decoration:none;white-space:pre">$4,388</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:175.96pt;position:var(--position);text-decoration:none;white-space:pre">, and </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:196.91pt;position:var(--position);text-decoration:none;white-space:pre">$827</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:215.79pt;position:var(--position);text-decoration:none;white-space:pre">, respectively, for the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:296.35pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:342.61pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:344.82pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:417.76pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:422.18pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:439.86pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:458.6pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:476.28pt;position:var(--position);text-decoration:none;white-space:pre"> in respect of all </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:308.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">restricted stock units, of which </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:155.31pt;position:var(--position);text-decoration:none;white-space:pre">$1,127</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:179.62pt;position:var(--position);text-decoration:none;white-space:pre">, $</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:188.46pt;position:var(--position);text-decoration:none;white-space:pre">909</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:201.72pt;position:var(--position);text-decoration:none;white-space:pre">, and </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:222.67pt;position:var(--position);text-decoration:none;white-space:pre">$402</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:241.55pt;position:var(--position);text-decoration:none;white-space:pre">, respectively, were in respect of liability settled share-based awards. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:326.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:61.099999999999994pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.04pt;position:var(--position);text-decoration:none;white-space:pre">, the carrying amount of the RSU liability awards was </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:332.01pt;position:var(--position);text-decoration:none;white-space:pre">$3,044</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:356.32pt;position:var(--position);text-decoration:none;white-space:pre"> with </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:376.31pt;position:var(--position);text-decoration:none;white-space:pre">$1,827</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:400.62pt;position:var(--position);text-decoration:none;white-space:pre"> current and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:448.3pt;position:var(--position);text-decoration:none;white-space:pre">$1,217</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:472.61pt;position:var(--position);text-decoration:none;white-space:pre"> non-current, out </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:336.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">of which </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:73.19999999999999pt;position:var(--position);text-decoration:none;white-space:pre">$1,827</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:97.50999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> related to awards that have met all their performance and market conditions and were settled in</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:460.23pt;position:var(--position);text-decoration:none;white-space:pre"> March 2026</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:505.92pt;position:var(--position);text-decoration:none;white-space:pre">.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:508.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:510.34pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">As of </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:346.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:114.88pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, the carrying amount of the RSU liability awards was </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:312.85pt;position:var(--position);text-decoration:none;white-space:pre">$3,736</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:337.16pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> with </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:357.15pt;position:var(--position);text-decoration:none;white-space:pre">$1,875</span><span style="font-family:'Calibri', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:381.46pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:383.38pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">current and </span></span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:428.85pt;position:var(--position);text-decoration:none;white-space:pre">$1,861</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:454.81pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> non-current, out of </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:356.66pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">which </span></span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:63.44pt;position:var(--position);text-decoration:none;white-space:pre">$1,875</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:89.4pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> related to awards that met all their performance and market conditions and were settled in February 2025.</span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:374.46pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Stock Options</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:384.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Stock option activity for the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:145.09pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:191.35pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:193.56pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:266.5pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:270.91999999999996pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:288.6pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:307.34pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:325.02pt;position:var(--position);text-decoration:none;white-space:pre">, is detailed as follows:</span></div><div style="position:var(--position);top:402.46pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:267pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:42pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:25.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:20.44pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:7pt;position:var(--position);top:33.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:29.25pt;position:var(--position);text-decoration:none;white-space:pre">Options</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:16.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:13.07pt;position:var(--position);text-decoration:none;white-space:pre">Wtd Average </span></div><div style="line-height:7pt;position:var(--position);top:25.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:11.51pt;position:var(--position);text-decoration:none;white-space:pre">Exercise Price </span></div><div style="line-height:7pt;position:var(--position);top:33.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:36.87pt;position:var(--position);text-decoration:none;white-space:pre">(GBP)</span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:8.31pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:4.91pt;position:var(--position);text-decoration:none;white-space:pre">Wtd Average of</span></div><div style="line-height:7pt;position:var(--position);top:16.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:23.16pt;position:var(--position);text-decoration:none;white-space:pre">remaining </span></div><div style="line-height:7pt;position:var(--position);top:25.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:19.8pt;position:var(--position);text-decoration:none;white-space:pre">contractual</span></div><div style="line-height:7pt;position:var(--position);top:33.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:10.6pt;position:var(--position);text-decoration:none;white-space:pre">term (in years)</span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:16.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:13.07pt;position:var(--position);text-decoration:none;white-space:pre">Wtd Average </span></div><div style="line-height:7pt;position:var(--position);top:25.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:12.17pt;position:var(--position);text-decoration:none;white-space:pre">Stock Price at </span></div><div style="line-height:7pt;position:var(--position);top:33.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.28pt;position:var(--position);text-decoration:none;white-space:pre">Exercise (GBP)</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding at January 1, 2023</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:5.85pt"></span></span><span style="left:8.48pt;position:var(--position)">17,793,881<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">2.31<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">8.03</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.75pt"></span></span><span style="left:18.38pt;position:var(--position)">3,120,975<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">2.22<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Exercised</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.17pt"></span></span><span style="left:22.8pt;position:var(--position)">(534,034)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.71<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">2.46<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited and expired</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.54pt"></span></span><span style="left:16.169999999999998pt;position:var(--position)">(3,424,232)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">2.40<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:267pt"><div><div style="line-height:8.19pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.19pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Options Exercisable at December 31, 2023</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">9,065,830<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">2.19<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">6.01</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding at December 31, 2023</span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:98.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:5.85pt"></span></span><span style="left:8.48pt;position:var(--position)">16,956,590<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:98.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">2.29<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:98.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">7.20</span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:109.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:109.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.75pt"></span></span><span style="left:18.38pt;position:var(--position)">2,665,875<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:109.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.87<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Exercised</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:120.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.17pt"></span></span><span style="left:22.8pt;position:var(--position)">(412,729)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:120.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.73<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:120.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">2.20<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited and expired</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:132pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.54pt"></span></span><span style="left:16.169999999999998pt;position:var(--position)">(4,725,746)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:132pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">2.24<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:143.25pt;width:267pt"><div><div style="line-height:8.19pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.19pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Options Exercisable at December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:143.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">9,534,400<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:143.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">2.33<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:143.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">4.45</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding at December 31, 2024</span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:154.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:5.85pt"></span></span><span style="left:8.48pt;position:var(--position)">14,483,990<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:154.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">2.25<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:154.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">5.87</span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:165.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:165.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.38pt"></span></span><span style="left:25.009999999999998pt;position:var(--position)">381,000<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:165.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.24<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Exercised</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:177pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.59pt"></span></span><span style="left:27.22pt;position:var(--position)">(65,000)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:177pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.20<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:177pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">1.39<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:188.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited and expired</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:188.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.54pt"></span></span><span style="left:16.169999999999998pt;position:var(--position)">(2,388,931)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:188.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">2.41<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:199.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Options Exercisable at December 31, 2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:199.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">9,690,271<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:199.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">2.28<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:199.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">4.87</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:210.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding at December 31, 2025</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:210.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:5.85pt"></span></span><span style="left:8.48pt;position:var(--position)">12,411,059<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:210.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">2.19<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:210.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">5.62</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:637.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The fair value of the stock options awarded by the Group was estimated on the grant date using the Black-Scholes option valuation </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:647.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">model, considering the terms and conditions upon which options were granted, with the following weighted-average assumptions:</span></div><div style="position:var(--position);top:665.06pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:324pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:324pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">At </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.14pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:11.25pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Expected volatility</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:23.41pt;position:var(--position)"></span><span style="left:23.41pt;position:var(--position)">45.18<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:48.55pt;position:var(--position)">%</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.23pt;position:var(--position)"></span><span style="left:27.23pt;position:var(--position)">44.76<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span><span style="left:49.33pt;position:var(--position)">%</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.23pt;position:var(--position)"></span><span style="left:27.23pt;position:var(--position)">43.69<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span><span style="left:49.33pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:22.5pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Expected term (in years)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:22.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">6.16</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:22.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">6.16</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:22.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">6.16</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Risk-free interest rate</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:33.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:28.44pt;position:var(--position)"></span><span style="left:28.44pt;position:var(--position)">3.81<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:48.55pt;position:var(--position)">%</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:33.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:31.65pt;position:var(--position)"></span><span style="left:31.65pt;position:var(--position)">4.31<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span><span style="left:49.33pt;position:var(--position)">%</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:33.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:31.65pt;position:var(--position)"></span><span style="left:31.65pt;position:var(--position)">4.04<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span><span style="left:49.33pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Expected dividend yield</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:45pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:39.12pt"></span></span><span style="left:41.75pt;position:var(--position)">—</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:45pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:39.12pt"></span></span><span style="left:41.75pt;position:var(--position)">—</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:45pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:39.12pt"></span></span><span style="left:41.75pt;position:var(--position)">—</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:56.25pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Exercise price (GBP)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:56.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">1.24</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:56.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">1.87</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:56.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">2.22</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:67.5pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Underlying stock price (GBP)</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:67.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">1.24</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:67.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">1.87</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:67.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">2.22</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:754.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Expected volatility is based on the Group’s historical volatility results. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:771.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">These assumptions resulted in an estimated weighted-average grant-date fair value per share of stock options granted during the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:781.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">years ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:88.16pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:161.1pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:165.51999999999998pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:183.2pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:201.94pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:219.62pt;position:var(--position);text-decoration:none;white-space:pre"> of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:231.59pt;position:var(--position);text-decoration:none;white-space:pre">$0.80</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:251.48pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:255.9pt;position:var(--position);text-decoration:none;white-space:pre">$1.18</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:275.78999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:294.53pt;position:var(--position);text-decoration:none;white-space:pre">$1.37</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:314.42pt;position:var(--position);text-decoration:none;white-space:pre">, respectively.</span></div></div><div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">10</span><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:10.14pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Share-based Payments continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group incurred share-based payment expense for the stock options of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:340.23pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:342.59pt;position:var(--position);text-decoration:none;white-space:pre">$1,751</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:366.9pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:371.32pt;position:var(--position);text-decoration:none;white-space:pre">$1,092</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:395.63pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:414.37pt;position:var(--position);text-decoration:none;white-space:pre">$3,310</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:438.68pt;position:var(--position);text-decoration:none;white-space:pre"> for the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:467.96pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:514.22pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:129.63pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.05pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:151.73000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:170.47pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:188.15pt;position:var(--position);text-decoration:none;white-space:pre">, respectively. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:135.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">For shares outstanding as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:165.14pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:238.07999999999998pt;position:var(--position);text-decoration:none;white-space:pre">, the range of exercise prices is detailed as follows:</span></div><div style="position:var(--position);top:153.26pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:35.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:324pt"><div><div style="line-height:7pt;position:var(--position);top:26.76pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Range of Exercise Prices (GBP)</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:18.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:29.25pt;position:var(--position);text-decoration:none;white-space:pre">Options</span></div><div style="line-height:7pt;position:var(--position);top:26.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:15.4pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:41.18pt;position:var(--position);text-decoration:none;white-space:pre">Wtd</span></div><div style="line-height:7pt;position:var(--position);top:11.03pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.2pt;position:var(--position);text-decoration:none;white-space:pre">Average</span></div><div style="line-height:7pt;position:var(--position);top:19.43pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.72pt;position:var(--position);text-decoration:none;white-space:pre">Exercise</span></div><div style="line-height:7pt;position:var(--position);top:27.83pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:19.66pt;position:var(--position);text-decoration:none;white-space:pre">Price (GBP)</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:4.91pt;position:var(--position);text-decoration:none;white-space:pre">Wtd Average of</span></div><div style="line-height:7pt;position:var(--position);top:11.03pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:23.16pt;position:var(--position);text-decoration:none;white-space:pre">remaining </span></div><div style="line-height:7pt;position:var(--position);top:19.43pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:19.8pt;position:var(--position);text-decoration:none;white-space:pre">contractual</span></div><div style="line-height:7pt;position:var(--position);top:27.83pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:10.6pt;position:var(--position);text-decoration:none;white-space:pre">term (in years)</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:35.25pt;width:324pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:324pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">0.01</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:35.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">89,845<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:35.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:35.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">3.75</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:46.5pt;width:324pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:324pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1.00</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:15.55pt;position:var(--position);text-decoration:none;white-space:pre"> to </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:27.84pt;position:var(--position);text-decoration:none;white-space:pre">2.00</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:46.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.75pt"></span></span><span style="left:18.38pt;position:var(--position)">5,627,230<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:46.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.62<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:46.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">5.73</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:324pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:324pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">2.00</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:15.55pt;position:var(--position);text-decoration:none;white-space:pre"> to </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:27.84pt;position:var(--position);text-decoration:none;white-space:pre">3.00</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:57.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.75pt"></span></span><span style="left:18.38pt;position:var(--position)">4,100,484<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:57.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">2.25<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:57.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">6.49</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:324pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:324pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">3.00</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:15.55pt;position:var(--position);text-decoration:none;white-space:pre"> to </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:27.84pt;position:var(--position);text-decoration:none;white-space:pre">4.00</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:69pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.75pt"></span></span><span style="left:18.38pt;position:var(--position)">2,593,500<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:69pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">3.40<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:69pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">4.07</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:80.25pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:80.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:5.85pt"></span></span><span style="left:8.48pt;position:var(--position)">12,411,059<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:80.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">2.19<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:80.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">5.62</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:255.76pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:98.52pt;position:var(--position);text-decoration:none;white-space:pre">Plans</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:265.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">For the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:85.97pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:132.23000000000002pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.44pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2025</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:209.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:214.05pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">2024</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:232.93pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> and </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:251.67pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">2023</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:269.35pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, the sub</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:301.78pt;position:var(--position);text-decoration:none;white-space:pre">sidiaries incurred share-based payment expense of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:495.3pt;position:var(--position);text-decoration:none;white-space:pre">$758</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:512.98pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:517.4pt;position:var(--position);text-decoration:none;white-space:pre">$17,372</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:546.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:275.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:73.22pt;position:var(--position);text-decoration:none;white-space:pre">$277</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:90.9pt;position:var(--position);text-decoration:none;white-space:pre">, respectively. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:293.76pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:130.82pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:203.76pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, Gallop recognized share-based payment expense of </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:408.89pt;position:var(--position);text-decoration:none;white-space:pre">$758</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:426.57pt;position:var(--position);text-decoration:none;white-space:pre">. The share-based payment </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:303.28pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">expense for the year ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:162.59pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:235.53pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> is related to </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:285.21000000000004pt;position:var(--position);text-decoration:none;white-space:pre">6,309,087</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:320.57pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:322.78pt;position:var(--position);text-decoration:none;white-space:pre">s</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:326.4pt;position:var(--position);text-decoration:none;white-space:pre">hares of restricted stock issued to Gallop executives under </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:312.8pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">the Gallop</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:96.64pt;position:var(--position);text-decoration:none;white-space:pre"> 2025 Stock Option and Grant Plan  (the “Gallop Plan”) approved by the Gallop Board of Directors in September 2025</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:539.3pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:322.32pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">These awards vest over </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:147.28pt;position:var(--position);text-decoration:none;white-space:pre">25 months</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:187.24pt;position:var(--position);text-decoration:none;white-space:pre"> and have </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:226.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre">weighted average grant date fair value of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:383.94pt;position:var(--position);text-decoration:none;white-space:pre">$0.46</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:405.18pt;position:var(--position);text-decoration:none;white-space:pre">. As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:431.62pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:504.56pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, all of these </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:331.84pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">awards were unvested and outstanding.</span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:350.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">The share-based payment expense for the </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:214.78pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">year ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:256.91999999999996pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:259.05pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:330.63pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre"> is primarily related to awards granted under the Seaport </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:360.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">2024 Equity Incentive Plan (the "Seaport Plan") approved by the Seaport Board of Directors in 2024. Seaport was deconsolidated from </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:370.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">the Group's Consolidated Financial Statements as of October 18, 2024. See Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:357.67pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">8. Gain/(loss) on Deconsolidation of Subsidiary</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:529.0699999999999pt;letter-spacing:-0.01em;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:388.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The options granted under the Seaport Plan are equity settled and expire </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:335.36pt;position:var(--position);text-decoration:none;white-space:pre">10 years</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:365.92pt;position:var(--position);text-decoration:none;white-space:pre"> from the grant date. Typically, the awards vest in </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:398.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">four years</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:93.50999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> but vesting conditions can vary based on the discretion of Seaport’s Board of Directors. The estimated grant date fair </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:408.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">value of the equity awards is recognized as an expense over the awards’ vesting periods. See tables below for Seaport option-</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:418.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">related activities.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:435.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Before its deconsolidation on October 18, 2024, Seaport granted </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:303.06pt;position:var(--position);text-decoration:none;white-space:pre">7,200,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:338.42pt;position:var(--position);text-decoration:none;white-space:pre"> shares of restricted stock awards and restricted stock </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:445.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">units to certain officers and directors, of which </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:231.95pt;position:var(--position);text-decoration:none;white-space:pre">6,227,778</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:267.31pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:269.52pt;position:var(--position);text-decoration:none;white-space:pre">shares were fully vested as of the deconsolidation date. The fair value of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:455.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">these awards was measured on the date of grant at the estimated fair value of the Seaport common stock using the market </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:465.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">backsolve and probability adjusted expected return model. See Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:319.44pt;position:var(--position);text-decoration:none;white-space:pre">19. Financial Instruments</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:412.15pt;position:var(--position);text-decoration:none;white-space:pre">. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:416.87pt;position:var(--position);text-decoration:none;white-space:pre">The weighted average fair value of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:475.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">these awards was </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:124.38pt;position:var(--position);text-decoration:none;white-space:pre">$0.97</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:145.62pt;position:var(--position);text-decoration:none;white-space:pre">. As the substantial majority of these awards were fully vested as of the deconsolidation date, the stock-</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:485.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">based compensation expense for these awards was recognized in the Group’s Consolidated Statement of Comprehensive Income/</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:495.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">(Loss) for the year ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:151.76999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:224.71pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:513.76pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Seaport also granted options to its employees, officers and directors in 2024. The fair value of the stock options awarded by Seaport </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:523.76pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">was estimated on the grant date using the Black-Scholes option valuation model. The weighted average fair value of these awards </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:533.76pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">was </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:72.91pt;position:var(--position);text-decoration:none;white-space:pre">$0.92</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:92.8pt;position:var(--position);text-decoration:none;white-space:pre"> and the weighted average exercise prices for the options was </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:327.73pt;position:var(--position);text-decoration:none;white-space:pre">$1.28</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:347.62pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:551.56pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">A summary of stock option activity by number of shares in these subsidiaries is presented in the following table:</span></div><div style="position:var(--position);top:561.08pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:91.5pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:61.5pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:27pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:91.5pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.71pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:4.66pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding as </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:11.92pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:20.72pt;position:var(--position);text-decoration:none;white-space:pre">January 1, </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:148.5pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:2.96pt;position:var(--position);text-decoration:none;white-space:pre">Granted During </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:26.67pt;position:var(--position);text-decoration:none;white-space:pre">the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.71pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:22.91pt;position:var(--position);text-decoration:none;white-space:pre">Exercised </span></div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:19.28pt;position:var(--position);text-decoration:none;white-space:pre">During the </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:39.48pt;position:var(--position);text-decoration:none;white-space:pre">Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:4.63pt;position:var(--position);text-decoration:none;white-space:pre">Expired During </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:26.67pt;position:var(--position);text-decoration:none;white-space:pre">the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.71pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:23.94pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited </span></div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:19.28pt;position:var(--position);text-decoration:none;white-space:pre">During the </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:39.48pt;position:var(--position);text-decoration:none;white-space:pre">Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);width:61.5pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:61.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:5.91pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:61.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:6.82pt;position:var(--position);text-decoration:none;white-space:pre">During the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.71pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:4.66pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding as </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:11.64pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:20.44pt;position:var(--position);text-decoration:none;white-space:pre">December </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:25.39pt;position:var(--position);text-decoration:none;white-space:pre">31, 2025</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27pt;width:91.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:91.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Entrega</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:91.5pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">334,500<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:148.5pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(87,500)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:27pt;width:61.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:61.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:47.11pt"></span></span><span style="left:49.74pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">247,000<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:609.58pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:90.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:27pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:90.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.85pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding as </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:14.34pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.5pt;position:var(--position);text-decoration:none;white-space:pre">January 1, </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:5.44pt;position:var(--position);text-decoration:none;white-space:pre">Granted During </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.48pt;position:var(--position);text-decoration:none;white-space:pre">the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:24.45pt;position:var(--position);text-decoration:none;white-space:pre">Exercised </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:5.31pt;position:var(--position);text-decoration:none;white-space:pre">During the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:7.25pt;position:var(--position);text-decoration:none;white-space:pre">Expired During </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.48pt;position:var(--position);text-decoration:none;white-space:pre">the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:2.72pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited During </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.48pt;position:var(--position);text-decoration:none;white-space:pre">the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);width:62.25pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:62.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:8.71pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:62.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:10.56pt;position:var(--position);text-decoration:none;white-space:pre">During the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.85pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding as </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:13.44pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:21.6pt;position:var(--position);text-decoration:none;white-space:pre">December </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:27.15pt;position:var(--position);text-decoration:none;white-space:pre">31, 2024</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27pt;width:90.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:90.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Entrega</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:90.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">344,500<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(5,000)</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(5,000)</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:27pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:48.16pt"></span></span><span style="left:50.79pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">334,500<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:90.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:90.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Seaport</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:90.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:11.63pt"></span></span><span style="left:14.260000000000002pt;position:var(--position)">22,429,780<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(29,018)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:38.25pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.67pt"></span></span><span style="left:17.3pt;position:var(--position)">(22,400,762)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:684.03pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:90.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:27pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:90.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.85pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding as </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:14.34pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.5pt;position:var(--position);text-decoration:none;white-space:pre">January 1, </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:5.44pt;position:var(--position);text-decoration:none;white-space:pre">Granted During </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.48pt;position:var(--position);text-decoration:none;white-space:pre">the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:24.45pt;position:var(--position);text-decoration:none;white-space:pre">Exercised </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:5.31pt;position:var(--position);text-decoration:none;white-space:pre">During the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:7.25pt;position:var(--position);text-decoration:none;white-space:pre">Expired During </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.48pt;position:var(--position);text-decoration:none;white-space:pre">the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:2.72pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited During </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.48pt;position:var(--position);text-decoration:none;white-space:pre">the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);width:62.25pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:62.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:8.71pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:62.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:10.56pt;position:var(--position);text-decoration:none;white-space:pre">During the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.85pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding as </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:13.44pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:21.6pt;position:var(--position);text-decoration:none;white-space:pre">December </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:27.15pt;position:var(--position);text-decoration:none;white-space:pre">31, 2023</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27pt;width:90.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:90.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Entrega</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:90.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">344,500<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:27pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:48.16pt"></span></span><span style="left:50.79pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">344,500<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:90.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:90.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Follica</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:90.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.05pt"></span></span><span style="left:18.68pt;position:var(--position)">2,776,120<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.84pt"></span></span><span style="left:16.47pt;position:var(--position)">(2,170,547)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.47pt"></span></span><span style="left:23.099999999999998pt;position:var(--position)">(605,573)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:38.25pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:48.16pt"></span></span><span style="left:50.79pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:90.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:90.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Vedanta</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:90.75pt;position:var(--position);top:49.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.05pt"></span></span><span style="left:18.68pt;position:var(--position)">1,824,576<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:49.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:49.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);top:49.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(1,313)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:49.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(29,607)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:49.5pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:19.09pt"></span></span><span style="left:21.72pt;position:var(--position)">(1,793,656)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:49.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">10</span><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:10.14pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Share-based Payments continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The weighted-average exercise prices, remaining contractual life and exercise price range for the options outstanding and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">exercisable as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:104.35pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:177.29pt;position:var(--position);text-decoration:none;white-space:pre">, were as follows:</span></div><div style="position:var(--position);top:135.46pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:267.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:44.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:267.75pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:35.76pt;width:267.75pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding and exercisable at </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:99.52pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:27.36pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:7pt;position:var(--position);top:35.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:29.77pt;position:var(--position);text-decoration:none;white-space:pre">options</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.56pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:19.92pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-</span></div><div style="line-height:7pt;position:var(--position);top:18.96pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:28.09pt;position:var(--position);text-decoration:none;white-space:pre">average </span></div><div style="line-height:7pt;position:var(--position);top:27.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:9.18pt;position:var(--position);text-decoration:none;white-space:pre">exercise price</span></div><div style="line-height:7pt;position:var(--position);top:35.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.56pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:19.92pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-</span></div><div style="line-height:7pt;position:var(--position);top:18.96pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:28.09pt;position:var(--position);text-decoration:none;white-space:pre">average </span></div><div style="line-height:7pt;position:var(--position);top:27.36pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:5.68pt;position:var(--position);text-decoration:none;white-space:pre">contractual life </span></div><div style="line-height:7pt;position:var(--position);top:35.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:15.14pt;position:var(--position);text-decoration:none;white-space:pre">outstanding</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:18.96pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:9.06pt;position:var(--position);text-decoration:none;white-space:pre">Exercise Price </span></div><div style="line-height:7pt;position:var(--position);top:27.36pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:33.78pt;position:var(--position);text-decoration:none;white-space:pre">Range</span></div><div style="line-height:7pt;position:var(--position);top:35.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:44.25pt;width:267.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Entrega</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:44.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">247,000<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:44.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">1.85<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:44.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">2.41</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:44.25pt;width:57pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:16.5pt;position:var(--position);text-decoration:none;white-space:pre">0.02</span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:34.1pt;position:var(--position);text-decoration:none;white-space:pre">-</span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">2.36</span></div></div></div></td></tr></tbody></table></div></div></div> 8222000 22850000 4415000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.49pt;position:var(--position);text-decoration:none;white-space:pre">The following table provides the classification of the Group’s consolidated share-based payment expense as </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:174.98pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">reflected in the Consolidated Statement of Income/(Loss):</span></div><div style="position:var(--position);top:184.98pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:20.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:324pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:11.76pt;width:324pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Year ended</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:36.08pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.019999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">6,893<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">21,993<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,185<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Research and development</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,329<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">857<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,230<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">8,222<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">22,850<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,415<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 6893000 21993000 3185000 1329000 857000 1230000 8222000 22850000 4415000 0.10 0.10 0.10 0.10 P5Y P4Y P10Y 32199101 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">During the twelve months ended </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:182.73000000000002pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025 and 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:295.84000000000003pt;position:var(--position);text-decoration:none;white-space:pre">, the Group granted the following RSUs to certain non-executive </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:400.83pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Directors, executives and employees: </span></div><div style="position:var(--position);top:418.63pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:20.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:381.75pt"><div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Year ended December 31,</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Time-based RSUs</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">4,855,916<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.05pt"></span></span><span style="left:18.68pt;position:var(--position)">4,388,116<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Performance-based RSUs</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">1,494,919<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.05pt"></span></span><span style="left:18.68pt;position:var(--position)">1,822,151<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total RSUs </span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">6,350,835<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.05pt"></span></span><span style="left:18.68pt;position:var(--position)">6,210,267<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">RSU activity for the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:129.84pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:176.1pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:178.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025, 2024 and 2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:309.77pt;position:var(--position);text-decoration:none;white-space:pre"> is detailed as follows:</span><div style="position:var(--position);top:495.43pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:35.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:18.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:20.44pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:7pt;position:var(--position);top:26.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:15.51pt;position:var(--position);text-decoration:none;white-space:pre">Shares/Units</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:23.56pt;position:var(--position);text-decoration:none;white-space:pre">Weighted </span></div><div style="line-height:7pt;position:var(--position);top:11.03pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:8.66pt;position:var(--position);text-decoration:none;white-space:pre">Average Grant </span></div><div style="line-height:7pt;position:var(--position);top:19.43pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.59pt;position:var(--position);text-decoration:none;white-space:pre">Date Fair Value </span></div><div style="line-height:7pt;position:var(--position);top:27.83pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.19pt;position:var(--position);text-decoration:none;white-space:pre">(GBP) (*)</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:35.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding (Non-vested) at January 1, 2023</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:35.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">6,090,780<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:35.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">1.74<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:46.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">RSUs Granted in Period</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:46.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.75pt"></span></span><span style="left:18.38pt;position:var(--position)">3,679,669<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:46.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.28<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:57.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.17pt"></span></span><span style="left:22.8pt;position:var(--position)">(716,029)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:57.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">2.00<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:69pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.54pt"></span></span><span style="left:16.169999999999998pt;position:var(--position)">(1,880,274)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:69pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.94<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:80.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding (Non-vested) at December 31, 2023</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:80.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">7,174,146<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:80.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">1.10<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:91.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">RSUs Granted in Period</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:91.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.75pt"></span></span><span style="left:18.38pt;position:var(--position)">6,210,267<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:91.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.63<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:102.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.54pt"></span></span><span style="left:16.169999999999998pt;position:var(--position)">(1,347,729)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:102.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.71<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:114pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.54pt"></span></span><span style="left:16.169999999999998pt;position:var(--position)">(3,057,962)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:114pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.75<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:125.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding (Non-vested) at December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:125.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">8,978,722<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:125.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">1.29<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:136.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">RSUs Granted in Period</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:136.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.75pt"></span></span><span style="left:18.38pt;position:var(--position)">6,350,835<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:136.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.14<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:147.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.54pt"></span></span><span style="left:16.169999999999998pt;position:var(--position)">(3,184,023)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:147.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.62<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:159pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:159pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.54pt"></span></span><span style="left:16.169999999999998pt;position:var(--position)">(2,757,344)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:159pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.39<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:170.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding (Non-vested) at December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:170.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">9,388,190<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:170.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">1.20<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:682.93pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">*<span style="display:inline-block;height:4.53pt;width:11.51pt"></span></span><span style="left:70.86pt;position:var(--position)">For liability awards - based on fair value at reporting date or settlement date.</span></span></div> 4855916 4388116 1494919 1822151 6350835 6210267 6090780 1.74 3679669 1.28 716029 2.00 1880274 1.94 7174146 1.10 6210267 1.63 1347729 1.71 3057962 1.75 8978722 1.29 6350835 1.14 3184023 1.62 2757344 1.39 9388190 1.20 1 P3Y 1 100000 5713000 4388000 827000 1127000 909000 402000 3044000 1827000 1217000 1827000 3736000 1875000 -1861000 1875000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Stock option activity for the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:145.09pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:191.35pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:193.56pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:266.5pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:270.91999999999996pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:288.6pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:307.34pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:325.02pt;position:var(--position);text-decoration:none;white-space:pre">, is detailed as follows:</span><div style="position:var(--position);top:402.46pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:267pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:42pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:25.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:20.44pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:7pt;position:var(--position);top:33.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:29.25pt;position:var(--position);text-decoration:none;white-space:pre">Options</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:16.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:13.07pt;position:var(--position);text-decoration:none;white-space:pre">Wtd Average </span></div><div style="line-height:7pt;position:var(--position);top:25.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:11.51pt;position:var(--position);text-decoration:none;white-space:pre">Exercise Price </span></div><div style="line-height:7pt;position:var(--position);top:33.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:36.87pt;position:var(--position);text-decoration:none;white-space:pre">(GBP)</span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:8.31pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:4.91pt;position:var(--position);text-decoration:none;white-space:pre">Wtd Average of</span></div><div style="line-height:7pt;position:var(--position);top:16.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:23.16pt;position:var(--position);text-decoration:none;white-space:pre">remaining </span></div><div style="line-height:7pt;position:var(--position);top:25.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:19.8pt;position:var(--position);text-decoration:none;white-space:pre">contractual</span></div><div style="line-height:7pt;position:var(--position);top:33.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:10.6pt;position:var(--position);text-decoration:none;white-space:pre">term (in years)</span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:16.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:13.07pt;position:var(--position);text-decoration:none;white-space:pre">Wtd Average </span></div><div style="line-height:7pt;position:var(--position);top:25.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:12.17pt;position:var(--position);text-decoration:none;white-space:pre">Stock Price at </span></div><div style="line-height:7pt;position:var(--position);top:33.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.28pt;position:var(--position);text-decoration:none;white-space:pre">Exercise (GBP)</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding at January 1, 2023</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:5.85pt"></span></span><span style="left:8.48pt;position:var(--position)">17,793,881<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">2.31<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">8.03</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.75pt"></span></span><span style="left:18.38pt;position:var(--position)">3,120,975<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">2.22<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Exercised</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.17pt"></span></span><span style="left:22.8pt;position:var(--position)">(534,034)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.71<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">2.46<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited and expired</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.54pt"></span></span><span style="left:16.169999999999998pt;position:var(--position)">(3,424,232)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">2.40<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:267pt"><div><div style="line-height:8.19pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.19pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Options Exercisable at December 31, 2023</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">9,065,830<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">2.19<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">6.01</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding at December 31, 2023</span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:98.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:5.85pt"></span></span><span style="left:8.48pt;position:var(--position)">16,956,590<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:98.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">2.29<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:98.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">7.20</span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:109.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:109.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.75pt"></span></span><span style="left:18.38pt;position:var(--position)">2,665,875<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:109.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.87<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Exercised</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:120.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.17pt"></span></span><span style="left:22.8pt;position:var(--position)">(412,729)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:120.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.73<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:120.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">2.20<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited and expired</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:132pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.54pt"></span></span><span style="left:16.169999999999998pt;position:var(--position)">(4,725,746)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:132pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">2.24<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:143.25pt;width:267pt"><div><div style="line-height:8.19pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.19pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Options Exercisable at December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:143.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">9,534,400<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:143.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">2.33<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:143.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">4.45</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding at December 31, 2024</span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:154.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:5.85pt"></span></span><span style="left:8.48pt;position:var(--position)">14,483,990<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:154.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">2.25<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:154.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">5.87</span></div></div></div></td><td style="border-bottom:0.5pt solid #929292;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:165.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:165.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.38pt"></span></span><span style="left:25.009999999999998pt;position:var(--position)">381,000<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:165.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.24<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.5pt solid #929292;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Exercised</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:177pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.59pt"></span></span><span style="left:27.22pt;position:var(--position)">(65,000)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:177pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.20<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:177pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">1.39<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:188.25pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited and expired</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:188.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.54pt"></span></span><span style="left:16.169999999999998pt;position:var(--position)">(2,388,931)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:188.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">2.41<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:199.5pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Options Exercisable at December 31, 2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:199.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">9,690,271<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:199.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">2.28<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:199.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">4.87</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:210.75pt;width:267pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:267pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding at December 31, 2025</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:210.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:5.85pt"></span></span><span style="left:8.48pt;position:var(--position)">12,411,059<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:210.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">2.19<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:210.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">5.62</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div> 17793881 2.31 P8Y10D 3120975 2.22 534034 1.71 2.46 3424232 2.40 9065830 2.19 P6Y3D 16956590 2.29 P7Y2M12D 2665875 1.87 412729 1.73 2.20 4725746 2.24 9534400 2.33 P4Y5M12D 14483990 2.25 P5Y10M13D 381000 1.24 65000 1.20 1.39 2388931 2.41 9690271 2.28 P4Y10M13D 12411059 2.19 P5Y7M13D <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The fair value of the stock options awarded by the Group was estimated on the grant date using the Black-Scholes option valuation </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:647.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">model, considering the terms and conditions upon which options were granted, with the following weighted-average assumptions:</span></div><div style="position:var(--position);top:665.06pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:324pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:324pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">At </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.14pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:11.25pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Expected volatility</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:23.41pt;position:var(--position)"></span><span style="left:23.41pt;position:var(--position)">45.18<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:48.55pt;position:var(--position)">%</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.23pt;position:var(--position)"></span><span style="left:27.23pt;position:var(--position)">44.76<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span><span style="left:49.33pt;position:var(--position)">%</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.23pt;position:var(--position)"></span><span style="left:27.23pt;position:var(--position)">43.69<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span><span style="left:49.33pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:22.5pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Expected term (in years)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:22.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">6.16</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:22.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">6.16</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:22.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">6.16</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Risk-free interest rate</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:33.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:28.44pt;position:var(--position)"></span><span style="left:28.44pt;position:var(--position)">3.81<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:48.55pt;position:var(--position)">%</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:33.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:31.65pt;position:var(--position)"></span><span style="left:31.65pt;position:var(--position)">4.31<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span><span style="left:49.33pt;position:var(--position)">%</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:33.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:31.65pt;position:var(--position)"></span><span style="left:31.65pt;position:var(--position)">4.04<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span><span style="left:49.33pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Expected dividend yield</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:45pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:39.12pt"></span></span><span style="left:41.75pt;position:var(--position)">—</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:45pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:39.12pt"></span></span><span style="left:41.75pt;position:var(--position)">—</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:45pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:39.12pt"></span></span><span style="left:41.75pt;position:var(--position)">—</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:56.25pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Exercise price (GBP)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:56.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">1.24</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:56.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">1.87</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:56.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">2.22</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:67.5pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Underlying stock price (GBP)</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:67.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">1.24</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:67.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">1.87</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:67.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">2.22</span></div></div></div></td></tr></tbody></table></div></div></div> 0.4518 0.4476 0.4369 6.16 6.16 6.16 0.0381 0.0431 0.0404 0 0 0 1.24 1.87 2.22 1.24 1.87 2.22 0.80 1.18 1.37 1751000 1092000 3310000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">For shares outstanding as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:165.14pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:238.07999999999998pt;position:var(--position);text-decoration:none;white-space:pre">, the range of exercise prices is detailed as follows:</span><div style="position:var(--position);top:153.26pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:35.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:324pt"><div><div style="line-height:7pt;position:var(--position);top:26.76pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Range of Exercise Prices (GBP)</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:18.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:29.25pt;position:var(--position);text-decoration:none;white-space:pre">Options</span></div><div style="line-height:7pt;position:var(--position);top:26.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:15.4pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:41.18pt;position:var(--position);text-decoration:none;white-space:pre">Wtd</span></div><div style="line-height:7pt;position:var(--position);top:11.03pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.2pt;position:var(--position);text-decoration:none;white-space:pre">Average</span></div><div style="line-height:7pt;position:var(--position);top:19.43pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.72pt;position:var(--position);text-decoration:none;white-space:pre">Exercise</span></div><div style="line-height:7pt;position:var(--position);top:27.83pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:19.66pt;position:var(--position);text-decoration:none;white-space:pre">Price (GBP)</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:4.91pt;position:var(--position);text-decoration:none;white-space:pre">Wtd Average of</span></div><div style="line-height:7pt;position:var(--position);top:11.03pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:23.16pt;position:var(--position);text-decoration:none;white-space:pre">remaining </span></div><div style="line-height:7pt;position:var(--position);top:19.43pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:19.8pt;position:var(--position);text-decoration:none;white-space:pre">contractual</span></div><div style="line-height:7pt;position:var(--position);top:27.83pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:10.6pt;position:var(--position);text-decoration:none;white-space:pre">term (in years)</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:35.25pt;width:324pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:324pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">0.01</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:35.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">89,845<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:35.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:35.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">3.75</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:46.5pt;width:324pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:324pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">1.00</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:15.55pt;position:var(--position);text-decoration:none;white-space:pre"> to </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:27.84pt;position:var(--position);text-decoration:none;white-space:pre">2.00</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:46.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.75pt"></span></span><span style="left:18.38pt;position:var(--position)">5,627,230<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:46.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">1.62<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:46.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">5.73</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:324pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:324pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">2.00</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:15.55pt;position:var(--position);text-decoration:none;white-space:pre"> to </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:27.84pt;position:var(--position);text-decoration:none;white-space:pre">3.00</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:57.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.75pt"></span></span><span style="left:18.38pt;position:var(--position)">4,100,484<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:57.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">2.25<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:57.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">6.49</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:324pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:324pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">3.00</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:15.55pt;position:var(--position);text-decoration:none;white-space:pre"> to </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:27.84pt;position:var(--position);text-decoration:none;white-space:pre">4.00</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:69pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.75pt"></span></span><span style="left:18.38pt;position:var(--position)">2,593,500<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:69pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">3.40<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:69pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:38.9pt;position:var(--position);text-decoration:none;white-space:pre">4.07</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:80.25pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:80.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:5.85pt"></span></span><span style="left:8.48pt;position:var(--position)">12,411,059<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:80.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">2.19<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:80.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">5.62</span></div></div></div></td></tr></tbody></table></div></div></div> 0.01 89845 0 P3Y9M 1.00 2.00 5627230 1.62 P5Y8M23D 2.00 3.00 4100484 2.25 P6Y5M26D 3.00 4.00 2593500 3.40 P4Y25D 12411059 2.19 P5Y7M13D 758000 17372000 277000 758000 6309087 P25M 0.46 P10Y P4Y 7200000 6227778 0.97 0.92 1.28 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">A summary of stock option activity by number of shares in these subsidiaries is presented in the following table:</span><div style="position:var(--position);top:561.08pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:91.5pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:61.5pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:27pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:91.5pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.71pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:4.66pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding as </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:11.92pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:20.72pt;position:var(--position);text-decoration:none;white-space:pre">January 1, </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:148.5pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:2.96pt;position:var(--position);text-decoration:none;white-space:pre">Granted During </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:26.67pt;position:var(--position);text-decoration:none;white-space:pre">the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.71pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:22.91pt;position:var(--position);text-decoration:none;white-space:pre">Exercised </span></div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:19.28pt;position:var(--position);text-decoration:none;white-space:pre">During the </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:39.48pt;position:var(--position);text-decoration:none;white-space:pre">Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:4.63pt;position:var(--position);text-decoration:none;white-space:pre">Expired During </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:26.67pt;position:var(--position);text-decoration:none;white-space:pre">the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.71pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:23.94pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited </span></div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:19.28pt;position:var(--position);text-decoration:none;white-space:pre">During the </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:39.48pt;position:var(--position);text-decoration:none;white-space:pre">Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);width:61.5pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:61.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:5.91pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:61.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:6.82pt;position:var(--position);text-decoration:none;white-space:pre">During the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.71pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:4.66pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding as </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:11.64pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:20.44pt;position:var(--position);text-decoration:none;white-space:pre">December </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:25.39pt;position:var(--position);text-decoration:none;white-space:pre">31, 2025</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27pt;width:91.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:91.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Entrega</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:91.5pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">334,500<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:148.5pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:205.5pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:262.5pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(87,500)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:376.5pt;position:var(--position);top:27pt;width:61.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:61.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:47.11pt"></span></span><span style="left:49.74pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">247,000<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:609.58pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:90.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:27pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:90.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.85pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding as </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:14.34pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.5pt;position:var(--position);text-decoration:none;white-space:pre">January 1, </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:5.44pt;position:var(--position);text-decoration:none;white-space:pre">Granted During </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.48pt;position:var(--position);text-decoration:none;white-space:pre">the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:24.45pt;position:var(--position);text-decoration:none;white-space:pre">Exercised </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:5.31pt;position:var(--position);text-decoration:none;white-space:pre">During the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:7.25pt;position:var(--position);text-decoration:none;white-space:pre">Expired During </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.48pt;position:var(--position);text-decoration:none;white-space:pre">the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:2.72pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited During </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.48pt;position:var(--position);text-decoration:none;white-space:pre">the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);width:62.25pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:62.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:8.71pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:62.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:10.56pt;position:var(--position);text-decoration:none;white-space:pre">During the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.85pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding as </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:13.44pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:21.6pt;position:var(--position);text-decoration:none;white-space:pre">December </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:27.15pt;position:var(--position);text-decoration:none;white-space:pre">31, 2024</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27pt;width:90.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:90.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Entrega</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:90.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">344,500<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(5,000)</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(5,000)</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:27pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:48.16pt"></span></span><span style="left:50.79pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">334,500<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:90.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:90.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Seaport</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:90.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:11.63pt"></span></span><span style="left:14.260000000000002pt;position:var(--position)">22,429,780<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(29,018)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:38.25pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:14.67pt"></span></span><span style="left:17.3pt;position:var(--position)">(22,400,762)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:684.03pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:90.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:27pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:90.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.85pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding as </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:14.34pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.5pt;position:var(--position);text-decoration:none;white-space:pre">January 1, </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:5.44pt;position:var(--position);text-decoration:none;white-space:pre">Granted During </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.48pt;position:var(--position);text-decoration:none;white-space:pre">the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:24.45pt;position:var(--position);text-decoration:none;white-space:pre">Exercised </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:5.31pt;position:var(--position);text-decoration:none;white-space:pre">During the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:7.25pt;position:var(--position);text-decoration:none;white-space:pre">Expired During </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.48pt;position:var(--position);text-decoration:none;white-space:pre">the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:2.72pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited During </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.48pt;position:var(--position);text-decoration:none;white-space:pre">the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);width:62.25pt"><div><div style="line-height:7pt;position:var(--position);top:10.11pt;width:62.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:8.71pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation </span></div><div style="line-height:7pt;position:var(--position);top:18.51pt;width:62.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:10.56pt;position:var(--position);text-decoration:none;white-space:pre">During the Year</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.85pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding as </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:13.44pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:21.6pt;position:var(--position);text-decoration:none;white-space:pre">December </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:18.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:27.15pt;position:var(--position);text-decoration:none;white-space:pre">31, 2023</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27pt;width:90.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:90.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Entrega</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:90.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">344,500<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:27pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:48.16pt"></span></span><span style="left:50.79pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:27pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">344,500<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:90.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:90.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Follica</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:90.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.05pt"></span></span><span style="left:18.68pt;position:var(--position)">2,776,120<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.84pt"></span></span><span style="left:16.47pt;position:var(--position)">(2,170,547)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.47pt"></span></span><span style="left:23.099999999999998pt;position:var(--position)">(605,573)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:38.25pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:48.16pt"></span></span><span style="left:50.79pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:49.5pt;width:90.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:90.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Vedanta</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:90.75pt;position:var(--position);top:49.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.05pt"></span></span><span style="left:18.68pt;position:var(--position)">1,824,576<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147.75pt;position:var(--position);top:49.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204.75pt;position:var(--position);top:49.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:261.75pt;position:var(--position);top:49.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(1,313)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:49.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(29,607)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:375.75pt;position:var(--position);top:49.5pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:19.09pt"></span></span><span style="left:21.72pt;position:var(--position)">(1,793,656)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:49.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 334500 0 0 87500 0 0 247000 344500 0 0 5000 5000 0 334500 0 22429780 0 0 29018 22400762 0 344500 0 0 0 0 0 344500 2776120 0 0 2170547 605573 0 0 1824576 0 0 1313 29607 1793656 0 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The weighted-average exercise prices, remaining contractual life and exercise price range for the options outstanding and </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">exercisable as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:104.35pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:177.29pt;position:var(--position);text-decoration:none;white-space:pre">, were as follows:</span></div><div style="position:var(--position);top:135.46pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:267.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:44.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:267.75pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:35.76pt;width:267.75pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding and exercisable at </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:99.52pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:27.36pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:18.76pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:7pt;position:var(--position);top:35.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:29.77pt;position:var(--position);text-decoration:none;white-space:pre">options</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.56pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:19.92pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-</span></div><div style="line-height:7pt;position:var(--position);top:18.96pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:28.09pt;position:var(--position);text-decoration:none;white-space:pre">average </span></div><div style="line-height:7pt;position:var(--position);top:27.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:9.18pt;position:var(--position);text-decoration:none;white-space:pre">exercise price</span></div><div style="line-height:7pt;position:var(--position);top:35.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.56pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:19.92pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-</span></div><div style="line-height:7pt;position:var(--position);top:18.96pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:28.09pt;position:var(--position);text-decoration:none;white-space:pre">average </span></div><div style="line-height:7pt;position:var(--position);top:27.36pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:5.68pt;position:var(--position);text-decoration:none;white-space:pre">contractual life </span></div><div style="line-height:7pt;position:var(--position);top:35.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:15.14pt;position:var(--position);text-decoration:none;white-space:pre">outstanding</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:18.96pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:9.06pt;position:var(--position);text-decoration:none;white-space:pre">Exercise Price </span></div><div style="line-height:7pt;position:var(--position);top:27.36pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:33.78pt;position:var(--position);text-decoration:none;white-space:pre">Range</span></div><div style="line-height:7pt;position:var(--position);top:35.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:44.25pt;width:267.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:267.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Entrega</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267.75pt;position:var(--position);top:44.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">247,000<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:44.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">1.85<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:44.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.77pt;position:var(--position);text-decoration:none;white-space:pre">2.41</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:44.25pt;width:57pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:16.5pt;position:var(--position);text-decoration:none;white-space:pre">0.02</span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:34.1pt;position:var(--position);text-decoration:none;white-space:pre">-</span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:36.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">2.36</span></div></div></div></td></tr></tbody></table></div></div></div> 247000 1.85 P2Y4M28D 0.02 2.36 <div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">11.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finance Income/(Costs), net</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:227.51pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The following table shows the breakdown of finance income and costs:</span></div><div style="position:var(--position);top:245.31pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:332.25pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57.75pt"></td><td style="padding:0;width:48.75pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);width:57.75pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:39.56pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:51.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);width:48.75pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.56pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:42.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:332.25pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:24.419999999999998pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:62.76pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:64.7pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Finance income</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Interest income from financial assets</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">13,048<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:30.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.85pt"></span></span><span style="left:30.48pt;position:var(--position)">22,669<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:30.75pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.85pt"></span></span><span style="left:21.48pt;position:var(--position)">16,012<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total finance income</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">13,048<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:42pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.85pt"></span></span><span style="left:30.48pt;position:var(--position)">22,669<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:42pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.85pt"></span></span><span style="left:21.48pt;position:var(--position)">16,012<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:18.75pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:8.76pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Finance costs</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Contractual interest expense on notes payable</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:72pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(804)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:72pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.69pt"></span></span><span style="left:39.32pt;position:var(--position)">(684)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:72pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:21.06pt"></span></span><span style="left:23.689999999999998pt;position:var(--position)">(1,422)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Interest expense on other borrowings</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:83.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:83.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:43.66pt"></span></span><span style="left:46.29pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:83.25pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.69pt"></span></span><span style="left:30.32pt;position:var(--position)">(363)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Interest expense on lease liability</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:94.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(1,065)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:94.5pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:30.06pt"></span></span><span style="left:32.69pt;position:var(--position)">(1,295)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:94.5pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:21.06pt"></span></span><span style="left:23.689999999999998pt;position:var(--position)">(1,544)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain on forgiveness of debt</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:105.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:105.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.9pt"></span></span><span style="left:41.53pt;position:var(--position)">273<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:105.75pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:34.66pt"></span></span><span style="left:37.29pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on foreign currency exchange</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:117pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:43.57pt"></span></span><span style="left:46.2pt;position:var(--position)">(6)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:117pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.11pt"></span></span><span style="left:43.74pt;position:var(--position)">(25)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:117pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:32.11pt"></span></span><span style="left:34.74pt;position:var(--position)">(94)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total finance costs  – contractual</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:128.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(1,876)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:128.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:30.06pt"></span></span><span style="left:32.69pt;position:var(--position)">(1,731)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:128.25pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:21.06pt"></span></span><span style="left:23.689999999999998pt;position:var(--position)">(3,424)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:139.5pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) from changes in fair value of warrant liability</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:139.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:139.5pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:43.66pt"></span></span><span style="left:46.29pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:139.5pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:34.32pt"></span></span><span style="left:36.95pt;position:var(--position)">33<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:150.75pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) from changes in fair value of preferred shares</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:150.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:150.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:30.06pt"></span></span><span style="left:32.69pt;position:var(--position)">(8,108)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:150.75pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.27pt"></span></span><span style="left:25.9pt;position:var(--position)">2,617<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total finance income/(costs) – fair value accounting</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:162pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:162pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:30.06pt"></span></span><span style="left:32.69pt;position:var(--position)">(8,108)</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:162pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.27pt"></span></span><span style="left:25.9pt;position:var(--position)">2,650<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:173.25pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total finance costs - non-cash interest expense related to sale of future royalties</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:173.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(43,908)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:173.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:30.06pt"></span></span><span style="left:32.69pt;position:var(--position)">(8,058)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:173.25pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.64pt"></span></span><span style="left:19.27pt;position:var(--position)">(10,159)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:186pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Finance income/(costs), net</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:186pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(32,735)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:186pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:32.27pt"></span></span><span style="left:34.900000000000006pt;position:var(--position)">4,773<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:186pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.27pt"></span></span><span style="left:25.9pt;position:var(--position)">5,078<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The following table shows the breakdown of finance income and costs:</span><div style="position:var(--position);top:245.31pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:332.25pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57.75pt"></td><td style="padding:0;width:48.75pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);width:57.75pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:39.56pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:51.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);width:48.75pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.56pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:42.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:332.25pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:24.419999999999998pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:62.76pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:64.7pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Finance income</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Interest income from financial assets</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">13,048<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:30.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.85pt"></span></span><span style="left:30.48pt;position:var(--position)">22,669<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:30.75pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.85pt"></span></span><span style="left:21.48pt;position:var(--position)">16,012<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total finance income</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">13,048<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:42pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.85pt"></span></span><span style="left:30.48pt;position:var(--position)">22,669<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:42pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.85pt"></span></span><span style="left:21.48pt;position:var(--position)">16,012<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:18.75pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:8.76pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Finance costs</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Contractual interest expense on notes payable</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:72pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(804)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:72pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.69pt"></span></span><span style="left:39.32pt;position:var(--position)">(684)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:72pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:21.06pt"></span></span><span style="left:23.689999999999998pt;position:var(--position)">(1,422)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:83.25pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Interest expense on other borrowings</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:83.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:83.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:43.66pt"></span></span><span style="left:46.29pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:83.25pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.69pt"></span></span><span style="left:30.32pt;position:var(--position)">(363)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:94.5pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Interest expense on lease liability</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:94.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(1,065)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:94.5pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:30.06pt"></span></span><span style="left:32.69pt;position:var(--position)">(1,295)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:94.5pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:21.06pt"></span></span><span style="left:23.689999999999998pt;position:var(--position)">(1,544)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105.75pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain on forgiveness of debt</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:105.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:105.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.9pt"></span></span><span style="left:41.53pt;position:var(--position)">273<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:105.75pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:34.66pt"></span></span><span style="left:37.29pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on foreign currency exchange</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:117pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:43.57pt"></span></span><span style="left:46.2pt;position:var(--position)">(6)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:117pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.11pt"></span></span><span style="left:43.74pt;position:var(--position)">(25)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:117pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:32.11pt"></span></span><span style="left:34.74pt;position:var(--position)">(94)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total finance costs  – contractual</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:128.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(1,876)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:128.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:30.06pt"></span></span><span style="left:32.69pt;position:var(--position)">(1,731)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:128.25pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:21.06pt"></span></span><span style="left:23.689999999999998pt;position:var(--position)">(3,424)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:139.5pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) from changes in fair value of warrant liability</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:139.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:139.5pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:43.66pt"></span></span><span style="left:46.29pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:139.5pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:34.32pt"></span></span><span style="left:36.95pt;position:var(--position)">33<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:150.75pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) from changes in fair value of preferred shares</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:150.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:150.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:30.06pt"></span></span><span style="left:32.69pt;position:var(--position)">(8,108)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:150.75pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.27pt"></span></span><span style="left:25.9pt;position:var(--position)">2,617<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total finance income/(costs) – fair value accounting</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:162pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:162pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:30.06pt"></span></span><span style="left:32.69pt;position:var(--position)">(8,108)</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:162pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.27pt"></span></span><span style="left:25.9pt;position:var(--position)">2,650<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:173.25pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total finance costs - non-cash interest expense related to sale of future royalties</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:173.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(43,908)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:173.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:30.06pt"></span></span><span style="left:32.69pt;position:var(--position)">(8,058)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:173.25pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.64pt"></span></span><span style="left:19.27pt;position:var(--position)">(10,159)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:186pt;width:332.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:332.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Finance income/(costs), net</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:332.25pt;position:var(--position);top:186pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(32,735)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:389.25pt;position:var(--position);top:186pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:32.27pt"></span></span><span style="left:34.900000000000006pt;position:var(--position)">4,773<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:447pt;position:var(--position);top:186pt;width:48.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:48.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.27pt"></span></span><span style="left:25.9pt;position:var(--position)">5,078<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 13048000 22669000 16012000 13048000 22669000 16012000 804000 684000 1422000 0 0 363000 1065000 1295000 1544000 0 273000 0 -6000 -25000 -94000 1876000 1731000 3424000 0 0 33000 0 -8108000 2617000 0 -8108000 2650000 43908000 8058000 10159000 -32735000 4773000 5078000 <div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">12.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Earnings/(Loss) per Share </span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Basic earnings/(loss) per share is calculated by dividing the Group's net income or loss for the period attributable to ordinary </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">shareholders by the weighted average number of ordinary shares outstanding, net of treasury shares. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:135.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Diluted earnings/(loss) per share is calculated by dividing the Group's net income or loss for the period attributable to ordinary </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:145.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">shareholders by the weighted average number of ordinary shares outstanding, net of treasury shares, plus the weighted average </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:155.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">number of ordinary shares that would be issued at conversion of all the dilutive potential ordinary shares into ordinary shares. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:165.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Dilutive effects arise from equity-settled shares from the Group's share-based plans. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:183.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">For the years ended</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:132.23000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.59pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:207.53pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:226.27pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:245.15pt;position:var(--position);text-decoration:none;white-space:pre">, the Group incurred a net loss, and therefore, all outstanding potential securities </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:193.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">were considered anti-dilutive. The amount of potential securities that were excluded from the diluted calculation in 2025 and 2023 </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:203.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">amounted to</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:105.64pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:107.85pt;position:var(--position);text-decoration:none;white-space:pre">1,117,792</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:145.61pt;position:var(--position);text-decoration:none;white-space:pre"> and</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:162.29pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:164.5pt;position:var(--position);text-decoration:none;white-space:pre">1,509,900</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:202.26pt;position:var(--position);text-decoration:none;white-space:pre"> shares, respectively. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:221.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Earnings/(Loss) Attributable to Owners of the Group:</span></div><div style="position:var(--position);top:238.86pt;width:594.72pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:147pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:48.72pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:31.59pt;position:var(--position);text-decoration:none;white-space:pre">Basic $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:24.06pt;position:var(--position);text-decoration:none;white-space:pre">Diluted $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:32.47pt;position:var(--position);text-decoration:none;white-space:pre">Basic $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:25.63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:32.47pt;position:var(--position);text-decoration:none;white-space:pre">Basic $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:25.63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted $</span></div></div></div></td></tr><tr style="height:30.75pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:10.56pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income/(loss) for the year, attributable </span></div><div style="line-height:8.5pt;position:var(--position);top:20.76pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">to the owners of the Group</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:20.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.91pt"></span></span><span style="left:18.54pt;position:var(--position)">(109,739)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:20.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.91pt"></span></span><span style="left:18.54pt;position:var(--position)">(109,739)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:20.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">53,510<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:20.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">53,510<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:20.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(65,697)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:20.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(65,697)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:301.91pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-Average Number of Ordinary Shares:</span></div><div style="position:var(--position);top:319.71pt;width:594.72pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:147pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:48.72pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.8pt;position:var(--position);text-decoration:none;white-space:pre">Basic</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:30.27pt;position:var(--position);text-decoration:none;white-space:pre">Diluted</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.3pt;position:var(--position);text-decoration:none;white-space:pre">Basic</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:31.46pt;position:var(--position);text-decoration:none;white-space:pre">Diluted</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.3pt;position:var(--position);text-decoration:none;white-space:pre">Basic</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:31.46pt;position:var(--position);text-decoration:none;white-space:pre">Diluted</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:147pt"><div><div style="line-height:8.1pt;position:var(--position);top:1.66pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.1pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Issued ordinary shares at January 1,</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:0.82pt"></span></span><span style="left:3.4499999999999997pt;position:var(--position)">239,421,312<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:0.82pt"></span></span><span style="left:3.4499999999999997pt;position:var(--position)">239,421,312<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:7.21pt"></span></span><span style="left:9.84pt;position:var(--position)">271,853,731<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:7.21pt"></span></span><span style="left:9.84pt;position:var(--position)">271,853,731<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:7.21pt"></span></span><span style="left:9.84pt;position:var(--position)">278,566,306<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:7.21pt"></span></span><span style="left:9.84pt;position:var(--position)">278,566,306<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.56pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Effect of shares issued &amp; treasury </span></div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">shares purchased</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">1,366,273<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">1,366,273<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:9.42pt"></span></span><span style="left:12.05pt;position:var(--position)">(17,397,423)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:9.42pt"></span></span><span style="left:12.05pt;position:var(--position)">(17,397,423)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.84pt"></span></span><span style="left:16.47pt;position:var(--position)">(2,263,773)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.84pt"></span></span><span style="left:16.47pt;position:var(--position)">(2,263,773)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Effect of dilutive shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:52.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:52.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:52.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:52.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.05pt"></span></span><span style="left:18.68pt;position:var(--position)">1,571,612<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:52.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:52.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.56pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average number of </span></div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">ordinary shares at December 31,</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:0.82pt"></span></span><span style="left:3.4499999999999997pt;position:var(--position)">240,787,585<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:0.82pt"></span></span><span style="left:3.4499999999999997pt;position:var(--position)">240,787,585<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:7.21pt"></span></span><span style="left:9.84pt;position:var(--position)">254,456,308<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:7.21pt"></span></span><span style="left:9.84pt;position:var(--position)">256,027,920<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:7.21pt"></span></span><span style="left:9.84pt;position:var(--position)">276,302,533<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:7.21pt"></span></span><span style="left:9.84pt;position:var(--position)">276,302,533<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:415.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Earnings/(Loss) per Share:</span></div><div style="position:var(--position);top:433.26pt;width:594.72pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:147pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:48.72pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:31.59pt;position:var(--position);text-decoration:none;white-space:pre">Basic $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:24.06pt;position:var(--position);text-decoration:none;white-space:pre">Diluted $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:32.47pt;position:var(--position);text-decoration:none;white-space:pre">Basic $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:25.63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:32.47pt;position:var(--position);text-decoration:none;white-space:pre">Basic $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:25.63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted $</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.56pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Basic and diluted earnings/(loss) per </span></div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">share</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31pt"></span></span><span style="left:33.63pt;position:var(--position)">(0.46)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31pt"></span></span><span style="left:33.63pt;position:var(--position)">(0.46)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">0.21<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">0.21<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.73pt"></span></span><span style="left:36.36pt;position:var(--position)">(0.24)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.73pt"></span></span><span style="left:36.36pt;position:var(--position)">(0.24)</span></span></div></div></div></td></tr></tbody></table></div></div></div> 1117792 1509900 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Earnings/(Loss) Attributable to Owners of the Group:</span><div style="position:var(--position);top:238.86pt;width:594.72pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:147pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:48.72pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:31.59pt;position:var(--position);text-decoration:none;white-space:pre">Basic $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:24.06pt;position:var(--position);text-decoration:none;white-space:pre">Diluted $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:32.47pt;position:var(--position);text-decoration:none;white-space:pre">Basic $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:25.63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:32.47pt;position:var(--position);text-decoration:none;white-space:pre">Basic $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:25.63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted $</span></div></div></div></td></tr><tr style="height:30.75pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:10.56pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income/(loss) for the year, attributable </span></div><div style="line-height:8.5pt;position:var(--position);top:20.76pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">to the owners of the Group</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:20.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.91pt"></span></span><span style="left:18.54pt;position:var(--position)">(109,739)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:20.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.91pt"></span></span><span style="left:18.54pt;position:var(--position)">(109,739)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:20.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">53,510<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:20.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">53,510<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:20.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(65,697)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:20.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(65,697)</span></span></div></div></div></td></tr></tbody></table></div></div></div> -109739000 -109739000 53510000 53510000 -65697000 -65697000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-Average Number of Ordinary Shares:</span><div style="position:var(--position);top:319.71pt;width:594.72pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:147pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:48.72pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.8pt;position:var(--position);text-decoration:none;white-space:pre">Basic</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:30.27pt;position:var(--position);text-decoration:none;white-space:pre">Diluted</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.3pt;position:var(--position);text-decoration:none;white-space:pre">Basic</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:31.46pt;position:var(--position);text-decoration:none;white-space:pre">Diluted</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.3pt;position:var(--position);text-decoration:none;white-space:pre">Basic</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:31.46pt;position:var(--position);text-decoration:none;white-space:pre">Diluted</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:147pt"><div><div style="line-height:8.1pt;position:var(--position);top:1.66pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.1pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Issued ordinary shares at January 1,</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:0.82pt"></span></span><span style="left:3.4499999999999997pt;position:var(--position)">239,421,312<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:0.82pt"></span></span><span style="left:3.4499999999999997pt;position:var(--position)">239,421,312<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:7.21pt"></span></span><span style="left:9.84pt;position:var(--position)">271,853,731<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:7.21pt"></span></span><span style="left:9.84pt;position:var(--position)">271,853,731<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:7.21pt"></span></span><span style="left:9.84pt;position:var(--position)">278,566,306<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:7.21pt"></span></span><span style="left:9.84pt;position:var(--position)">278,566,306<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:21.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.56pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Effect of shares issued &amp; treasury </span></div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">shares purchased</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">1,366,273<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:10.88pt"></span></span><span style="left:13.510000000000002pt;position:var(--position)">1,366,273<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:9.42pt"></span></span><span style="left:12.05pt;position:var(--position)">(17,397,423)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:9.42pt"></span></span><span style="left:12.05pt;position:var(--position)">(17,397,423)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.84pt"></span></span><span style="left:16.47pt;position:var(--position)">(2,263,773)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:13.84pt"></span></span><span style="left:16.47pt;position:var(--position)">(2,263,773)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Effect of dilutive shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:52.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:52.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:52.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:52.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:16.05pt"></span></span><span style="left:18.68pt;position:var(--position)">1,571,612<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:52.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:52.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.56pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average number of </span></div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">ordinary shares at December 31,</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:0.82pt"></span></span><span style="left:3.4499999999999997pt;position:var(--position)">240,787,585<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:0.82pt"></span></span><span style="left:3.4499999999999997pt;position:var(--position)">240,787,585<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:7.21pt"></span></span><span style="left:9.84pt;position:var(--position)">254,456,308<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:7.21pt"></span></span><span style="left:9.84pt;position:var(--position)">256,027,920<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:7.21pt"></span></span><span style="left:9.84pt;position:var(--position)">276,302,533<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:7.21pt"></span></span><span style="left:9.84pt;position:var(--position)">276,302,533<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 239421312 239421312 271853731 271853731 278566306 278566306 -1366273 -1366273 17397423 17397423 2263773 2263773 0 1571612 0 240787585 240787585 254456308 256027920 276302533 276302533 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Earnings/(Loss) per Share:</span><div style="position:var(--position);top:433.26pt;width:594.72pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:147pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:48.72pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:31.59pt;position:var(--position);text-decoration:none;white-space:pre">Basic $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:24.06pt;position:var(--position);text-decoration:none;white-space:pre">Diluted $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:32.47pt;position:var(--position);text-decoration:none;white-space:pre">Basic $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:25.63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:32.47pt;position:var(--position);text-decoration:none;white-space:pre">Basic $</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:25.63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted $</span></div></div></div></td></tr><tr style="height:21.75pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.56pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Basic and diluted earnings/(loss) per </span></div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">share</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31pt"></span></span><span style="left:33.63pt;position:var(--position)">(0.46)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31pt"></span></span><span style="left:33.63pt;position:var(--position)">(0.46)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">0.21<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">0.21<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.73pt"></span></span><span style="left:36.36pt;position:var(--position)">(0.24)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.73pt"></span></span><span style="left:36.36pt;position:var(--position)">(0.24)</span></span></div></div></div></td></tr></tbody></table></div></div></div> -0.46 -0.46 0.21 0.21 -0.24 -0.24 <div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">13.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Property and Equipment</span></div></div></div></td></tr></tbody></table></div></div><div style="position:var(--position);top:107.66pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:153pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:36pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:153pt"><div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Cost</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.31pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.98pt;position:var(--position);text-decoration:none;white-space:pre">Laboratory and </span></div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.29pt;position:var(--position);text-decoration:none;white-space:pre">Manufacturing </span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:20.05pt;position:var(--position);text-decoration:none;white-space:pre">Equipment</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:12.55pt;position:var(--position);text-decoration:none;white-space:pre">Furniture and</span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.03pt;position:var(--position);text-decoration:none;white-space:pre">Fixtures</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.31pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.65pt;position:var(--position);text-decoration:none;white-space:pre">Computer </span></div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.32pt;position:var(--position);text-decoration:none;white-space:pre">Equipment and</span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:27.05pt;position:var(--position);text-decoration:none;white-space:pre">Software</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.49pt;position:var(--position);text-decoration:none;white-space:pre">Leasehold </span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.53pt;position:var(--position);text-decoration:none;white-space:pre">Improvements</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.98pt;position:var(--position);text-decoration:none;white-space:pre">Construction in</span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.41pt;position:var(--position);text-decoration:none;white-space:pre">process</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.58pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of January 1, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">5,363<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,072<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">917<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">15,165<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.08pt"></span></span><span style="left:48.71pt;position:var(--position)">1<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">22,518<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Additions, net of transfers</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">246<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.27pt"></span></span><span style="left:44.900000000000006pt;position:var(--position)">11<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">256<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Disposals</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(2,215)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(387)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:44.48pt"></span></span><span style="left:47.11pt;position:var(--position)">(1)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(2,602)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69.75pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation of subsidiaries</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(246)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:40.06pt"></span></span><span style="left:42.690000000000005pt;position:var(--position)">(11)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(256)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,148<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,072<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">530<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">15,165<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">19,916<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Additions, net of transfers</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.69pt"></span></span><span style="left:49.32pt;position:var(--position)">6<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.69pt"></span></span><span style="left:49.32pt;position:var(--position)">6<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Disposals</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(1,313)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(266)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(1,578)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2025</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,836<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,078<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">264<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">15,165<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">18,343<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:243.91pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:153pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:36pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:153pt"><div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Accumulated depreciation and impairment loss</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.31pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.98pt;position:var(--position);text-decoration:none;white-space:pre">Laboratory and </span></div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.29pt;position:var(--position);text-decoration:none;white-space:pre">Manufacturing </span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:20.05pt;position:var(--position);text-decoration:none;white-space:pre">Equipment</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:12.55pt;position:var(--position);text-decoration:none;white-space:pre">Furniture and</span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.03pt;position:var(--position);text-decoration:none;white-space:pre">Fixtures</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.31pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.65pt;position:var(--position);text-decoration:none;white-space:pre">Computer </span></div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.32pt;position:var(--position);text-decoration:none;white-space:pre">Equipment and</span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:27.05pt;position:var(--position);text-decoration:none;white-space:pre">Software</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.49pt;position:var(--position);text-decoration:none;white-space:pre">Leasehold </span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.53pt;position:var(--position);text-decoration:none;white-space:pre">Improvements</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.98pt;position:var(--position);text-decoration:none;white-space:pre">Construction in</span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.41pt;position:var(--position);text-decoration:none;white-space:pre">process</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.58pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of January 1, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(4,142)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(698)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(894)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(7,248)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(12,982)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(139)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(153)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:40.06pt"></span></span><span style="left:42.690000000000005pt;position:var(--position)">(13)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(1,503)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(1,807)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Disposals/Impairment</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">1,485<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">376<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">1,861<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69.75pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation of subsidiaries</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.27pt"></span></span><span style="left:44.900000000000006pt;position:var(--position)">81<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.27pt"></span></span><span style="left:44.900000000000006pt;position:var(--position)">81<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(2,715)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(851)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(530)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(8,751)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(12,847)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(154)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(1,431)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(1,585)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Disposals/Impairment</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">1,025<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">266<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">1,291<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2025</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(1,691)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(1,005)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(264)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(10,181)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(13,141)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:380.16pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:153pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:36pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:153pt"><div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Property and Equipment, net</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.31pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.98pt;position:var(--position);text-decoration:none;white-space:pre">Laboratory and </span></div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.29pt;position:var(--position);text-decoration:none;white-space:pre">Manufacturing </span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:20.05pt;position:var(--position);text-decoration:none;white-space:pre">Equipment</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:12.55pt;position:var(--position);text-decoration:none;white-space:pre">Furniture and</span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.03pt;position:var(--position);text-decoration:none;white-space:pre">Fixtures</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.31pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.65pt;position:var(--position);text-decoration:none;white-space:pre">Computer </span></div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.32pt;position:var(--position);text-decoration:none;white-space:pre">Equipment and</span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:27.05pt;position:var(--position);text-decoration:none;white-space:pre">Software</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.49pt;position:var(--position);text-decoration:none;white-space:pre">Leasehold </span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.53pt;position:var(--position);text-decoration:none;white-space:pre">Improvements</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.98pt;position:var(--position);text-decoration:none;white-space:pre">Construction in</span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.41pt;position:var(--position);text-decoration:none;white-space:pre">process</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.58pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">433<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">221<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">6,414<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">7,069<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2025</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">145<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">74<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,983<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">5,202<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation of property and equipment is included in the general and administrative expenses and research and development </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:458.91pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">expenses in the Consolidated Statement of Comprehensive Income/(Loss). The Group recorded depreciation expense of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:496.65pt;position:var(--position);text-decoration:none;white-space:pre">$1,585</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:520.96pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:468.91pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">$1,807</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:64pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:82.74pt;position:var(--position);text-decoration:none;white-space:pre">$2,955</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:107.05pt;position:var(--position);text-decoration:none;white-space:pre"> for the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:136.32999999999998pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:182.59pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:184.8pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:257.74pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:262.15999999999997pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:279.84000000000003pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:298.58pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:316.26pt;position:var(--position);text-decoration:none;white-space:pre">, respectively.</span></div> <div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:153pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:36pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:153pt"><div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Cost</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.31pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.98pt;position:var(--position);text-decoration:none;white-space:pre">Laboratory and </span></div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.29pt;position:var(--position);text-decoration:none;white-space:pre">Manufacturing </span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:20.05pt;position:var(--position);text-decoration:none;white-space:pre">Equipment</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:12.55pt;position:var(--position);text-decoration:none;white-space:pre">Furniture and</span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.03pt;position:var(--position);text-decoration:none;white-space:pre">Fixtures</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.31pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.65pt;position:var(--position);text-decoration:none;white-space:pre">Computer </span></div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.32pt;position:var(--position);text-decoration:none;white-space:pre">Equipment and</span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:27.05pt;position:var(--position);text-decoration:none;white-space:pre">Software</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.49pt;position:var(--position);text-decoration:none;white-space:pre">Leasehold </span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.53pt;position:var(--position);text-decoration:none;white-space:pre">Improvements</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.98pt;position:var(--position);text-decoration:none;white-space:pre">Construction in</span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.41pt;position:var(--position);text-decoration:none;white-space:pre">process</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.58pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of January 1, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">5,363<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,072<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">917<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">15,165<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.08pt"></span></span><span style="left:48.71pt;position:var(--position)">1<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">22,518<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Additions, net of transfers</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">246<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.27pt"></span></span><span style="left:44.900000000000006pt;position:var(--position)">11<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">256<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Disposals</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(2,215)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(387)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:44.48pt"></span></span><span style="left:47.11pt;position:var(--position)">(1)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(2,602)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69.75pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation of subsidiaries</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(246)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:40.06pt"></span></span><span style="left:42.690000000000005pt;position:var(--position)">(11)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(256)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,148<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,072<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">530<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">15,165<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">19,916<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Additions, net of transfers</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.69pt"></span></span><span style="left:49.32pt;position:var(--position)">6<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.69pt"></span></span><span style="left:49.32pt;position:var(--position)">6<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Disposals</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(1,313)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(266)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(1,578)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2025</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,836<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,078<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">264<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">15,165<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">18,343<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div> 5363000 1072000 917000 15165000 1000 22518000 246000 0 11000 0 0 256000 2215000 0 387000 0 1000 2602000 246000 0 11000 0 0 256000 3148000 1072000 530000 15165000 0 19916000 0 6000 0 0 0 6000 1313000 0 266000 0 0 1578000 1836000 1078000 264000 15165000 0 18343000 <div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:153pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:36pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:153pt"><div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Accumulated depreciation and impairment loss</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.31pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.98pt;position:var(--position);text-decoration:none;white-space:pre">Laboratory and </span></div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.29pt;position:var(--position);text-decoration:none;white-space:pre">Manufacturing </span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:20.05pt;position:var(--position);text-decoration:none;white-space:pre">Equipment</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:12.55pt;position:var(--position);text-decoration:none;white-space:pre">Furniture and</span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.03pt;position:var(--position);text-decoration:none;white-space:pre">Fixtures</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.31pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.65pt;position:var(--position);text-decoration:none;white-space:pre">Computer </span></div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.32pt;position:var(--position);text-decoration:none;white-space:pre">Equipment and</span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:27.05pt;position:var(--position);text-decoration:none;white-space:pre">Software</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.49pt;position:var(--position);text-decoration:none;white-space:pre">Leasehold </span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.53pt;position:var(--position);text-decoration:none;white-space:pre">Improvements</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.98pt;position:var(--position);text-decoration:none;white-space:pre">Construction in</span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.41pt;position:var(--position);text-decoration:none;white-space:pre">process</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.58pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of January 1, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(4,142)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(698)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(894)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(7,248)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(12,982)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(139)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(153)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:40.06pt"></span></span><span style="left:42.690000000000005pt;position:var(--position)">(13)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(1,503)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(1,807)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Disposals/Impairment</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">1,485<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">376<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">1,861<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69.75pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation of subsidiaries</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.27pt"></span></span><span style="left:44.900000000000006pt;position:var(--position)">81<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.27pt"></span></span><span style="left:44.900000000000006pt;position:var(--position)">81<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(2,715)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(851)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(530)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(8,751)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(12,847)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(154)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(1,431)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(1,585)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Disposals/Impairment</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">1,025<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">266<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:103.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">1,291<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2025</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(1,691)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(1,005)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(264)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(10,181)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(13,141)</span></span></div></div></div></td></tr></tbody></table></div></div> -4142000 -698000 -894000 -7248000 0 -12982000 139000 153000 13000 1503000 0 1807000 -1485000 0 -376000 0 0 -1861000 -81000 0 0 0 0 -81000 -2715000 -851000 -530000 -8751000 0 -12847000 0 154000 0 1431000 0 1585000 -1025000 0 -266000 0 0 -1291000 -1691000 -1005000 -264000 -10181000 0 -13141000 <div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:153pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:36pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:153pt"><div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Property and Equipment, net</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.31pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.98pt;position:var(--position);text-decoration:none;white-space:pre">Laboratory and </span></div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.29pt;position:var(--position);text-decoration:none;white-space:pre">Manufacturing </span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:20.05pt;position:var(--position);text-decoration:none;white-space:pre">Equipment</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:12.55pt;position:var(--position);text-decoration:none;white-space:pre">Furniture and</span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.03pt;position:var(--position);text-decoration:none;white-space:pre">Fixtures</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:2.31pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.65pt;position:var(--position);text-decoration:none;white-space:pre">Computer </span></div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.32pt;position:var(--position);text-decoration:none;white-space:pre">Equipment and</span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:27.05pt;position:var(--position);text-decoration:none;white-space:pre">Software</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.49pt;position:var(--position);text-decoration:none;white-space:pre">Leasehold </span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.53pt;position:var(--position);text-decoration:none;white-space:pre">Improvements</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:10.71pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:6.98pt;position:var(--position);text-decoration:none;white-space:pre">Construction in</span></div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.41pt;position:var(--position);text-decoration:none;white-space:pre">process</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:19.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.58pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">433<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">221<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">6,414<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">7,069<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:153pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2025</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">145<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">74<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,983<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">5,202<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div> 433000 221000 0 6414000 0 7069000 145000 74000 0 4983000 0 5202000 1585000 1807000 2955000 <div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">14.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Intangible Assets</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Intangible assets consist of licenses of intellectual property acquired by the Group through various agreements with third parties </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and are recorded at the value of the consideration transferred. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:293.52pt;position:var(--position);text-decoration:none;white-space:pre">Information regarding the cost and activities of intangible assets is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">as follows:</span></div><div style="position:var(--position);top:145.46pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:438pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:20.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:438pt"><div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Cost</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.19pt;position:var(--position);text-decoration:none;white-space:pre">Licenses</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of January 1, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">906<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Write-off</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:40.06pt"></span></span><span style="left:42.690000000000005pt;position:var(--position)">(80)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation of subsidiary</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(225)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:54pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">601<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:65.25pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:65.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">601<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:232.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">All the intangible asset licenses represent in-process-research-and-development assets that are currently still being developed and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:242.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">not ready for their intended use. As such, these assets are not amortized but tested for impairment annually. </span></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">During the year ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:144.01999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:216.96pt;position:var(--position);text-decoration:none;white-space:pre">, the Group wrote off </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:298.34000000000003pt;position:var(--position);text-decoration:none;white-space:pre">one</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:312.82pt;position:var(--position);text-decoration:none;white-space:pre"> of its research intangible assets for which research was ceased </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:270.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">in the amount of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:121.07pt;position:var(--position);text-decoration:none;white-space:pre">$80</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.32999999999998pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:287.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">During the year ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:144.01999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:216.96pt;position:var(--position);text-decoration:none;white-space:pre">, Seaport Therapeutics, Inc. was deconsolidated and as such, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:447.52pt;position:var(--position);text-decoration:none;white-space:pre">$225</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:465.2pt;position:var(--position);text-decoration:none;white-space:pre"> in net intangible assets </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:297.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">were derecognized.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:315.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group tested all intangible assets for impairment as of the balance sheet date and concluded that none of such assets </span></div>were impaired. <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:293.52pt;position:var(--position);text-decoration:none;white-space:pre">Information regarding the cost and activities of intangible assets is </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">as follows:</span></div><div style="position:var(--position);top:145.46pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:438pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:20.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:438pt"><div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Cost</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.19pt;position:var(--position);text-decoration:none;white-space:pre">Licenses</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of January 1, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">906<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:31.5pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Write-off</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:31.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:40.06pt"></span></span><span style="left:42.690000000000005pt;position:var(--position)">(80)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation of subsidiary</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(225)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:54pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">601<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:65.25pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:65.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">601<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 906000 80000 -225000 601000 601000 1 80000 -225000 <div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">15.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other Financial Assets</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:374.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Other financial assets consist primarily of restricted cash reserved as collateral against a letter of credit with a bank that is issued for </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:384.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">the benefit of a landlord in lieu of a security deposit for office space leased by the Group. The restricted cash was </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:484.2pt;position:var(--position);text-decoration:none;white-space:pre">$1,596</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:508.51pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:527.25pt;position:var(--position);text-decoration:none;white-space:pre">$1,642</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:551.56pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:394.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:76.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:149.63pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:168.37pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:186.05pt;position:var(--position);text-decoration:none;white-space:pre">, respectively.</span></div> 1596000 1642000 <div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">16.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Equity</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Total equity for the Group as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:160.39999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:233.34pt;position:var(--position);text-decoration:none;white-space:pre">, and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:254.29pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:271.97pt;position:var(--position);text-decoration:none;white-space:pre">, was as follows:</span></div><div style="position:var(--position);top:125.46pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:17.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.21pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:8.02pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:11.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:20.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.21pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.94pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:11.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:20.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:17.25pt;width:381.75pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Equity</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:381.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.76pt;width:381.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share capital, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:53.11pt;position:var(--position);text-decoration:none;white-space:pre">£0.01</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:73pt;position:var(--position);text-decoration:none;white-space:pre"> par value, issued and paid </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:175.78pt;position:var(--position);text-decoration:none;white-space:pre">257,927,489</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:219.98000000000002pt;position:var(--position);text-decoration:none;white-space:pre">, as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:244.4pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:317.34pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:336.08pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:28.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,860<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:28.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,860<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:41.25pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share premium</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:41.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">290,262<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:41.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">290,262<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:381.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Treasury shares, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:62.559999999999995pt;position:var(--position);text-decoration:none;white-space:pre">16,243,451</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:102.34pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:121.08pt;position:var(--position);text-decoration:none;white-space:pre">18,506,177</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:160.86pt;position:var(--position);text-decoration:none;white-space:pre"> as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:183.07000000000002pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:256.01pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:274.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:292.43pt;position:var(--position);text-decoration:none;white-space:pre">, respectively</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:52.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(41,154)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:52.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(46,864)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Merger reserve</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">138,506<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">138,506<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Translation reserve</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">182<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">182<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Other reserves</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:86.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(3,352)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:86.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(4,726)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:97.5pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Retained earnings/(accumulated deficit)</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:97.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(77,231)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:97.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">32,486<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108.75pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Equity attributable to owners of the Group</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:108.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">312,073<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:108.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">414,707<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Non-controlling interests</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:120pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(6,397)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:120pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(6,774)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:131.25pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total equity</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:131.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">305,676<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:131.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">407,933<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:278.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Shareholders are entitled to vote on all matters submitted to shareholders for a vote. Each ordinary share is entitled to </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:486.01pt;position:var(--position);text-decoration:none;white-space:pre">one</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:500.49pt;position:var(--position);text-decoration:none;white-space:pre"> vote and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:288.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">is entitled to receive dividends when and if declared by the Group’s Directors. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:306.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">On June 18, 2015, the Group acquired the entire issued share capital of PureTech LLC in return for </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:410.99pt;position:var(--position);text-decoration:none;white-space:pre">159,648,387</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:455.19pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary shares. This </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:316.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">was accounted for as a common control transaction at cost. It was deemed that the share capital was issued in line with movements </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:326.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">in share capital as shown prior to the transaction taking place. In addition, the merger reserve records amounts previously recorded </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:336.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">as share premium.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:353.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Other reserves comprise the cumulative credit to share-based payment reserves corresponding to share-based payment expenses </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:363.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">recognized through Consolidated Statement of Comprehensive Income/(Loss), settlements of vested stock awards as well as other </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:373.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">additions that flow directly through equity such as the excess or deficit from changes in ownership of subsidiaries while control is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:383.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">maintained by the Group. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:401.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">On May 9, 2022, the Group announced the commencement of a </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:282.77pt;position:var(--position);text-decoration:none;white-space:pre">$50,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:311.5pt;position:var(--position);text-decoration:none;white-space:pre"> share repurchase program (the "Program") of its ordinary </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:411.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">shares of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:75.58pt;position:var(--position);text-decoration:none;white-space:pre">one</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:90.06pt;position:var(--position);text-decoration:none;white-space:pre"> pence each. The Group executed the Program in </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:278.72pt;position:var(--position);text-decoration:none;white-space:pre">two</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:292.71000000000004pt;position:var(--position);text-decoration:none;white-space:pre"> equal tranches. It entered into an irrevocable non-discretionary </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:421.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">instruction with Jefferies International Limited (“Jefferies”) in relation to the purchase by Jefferies of the ordinary shares for an </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:431.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">aggregate consideration (excluding expenses) of no greater than </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:286.25pt;position:var(--position);text-decoration:none;white-space:pre">$25,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:314.98pt;position:var(--position);text-decoration:none;white-space:pre"> for each tranche and the simultaneous on-sale of such </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:441.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">ordinary shares by Jefferies to the Group, subject to certain volume and price restrictions. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:459.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">In February 2024, the Group completed the Program and has repurchased an aggregate of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:383.46pt;position:var(--position);text-decoration:none;white-space:pre">20,182,863</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:423.24pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary shares under the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:469.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Program. These shares have been held as treasury shares and are being used to settle the vesting of restricted stock units or </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:479.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">exercise of stock options.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:497.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">In March 2024, the Group announced a proposed capital return of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:289.82pt;position:var(--position);text-decoration:none;white-space:pre">$100,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:322.96999999999997pt;position:var(--position);text-decoration:none;white-space:pre"> to its shareholders by way of a tender offer (the "Tender </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:507.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Offer"). The proposed Tender Offer was approved by shareholders at the Annual General Meeting of Stockholders held on June 6, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:517.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">2024, to acquire a maximum number of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:189.26pt;position:var(--position);text-decoration:none;white-space:pre">33,500,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:229.04pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary shares (including ordinary shares represented by American Depository </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:527.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Shares (''ADSs'')) for a fixed price of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:175.84pt;position:var(--position);text-decoration:none;white-space:pre">250</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:190pt;position:var(--position);text-decoration:none;white-space:pre"> pence per ordinary share (equivalent to </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:342.33pt;position:var(--position);text-decoration:none;white-space:pre">£25.00</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:368.29pt;position:var(--position);text-decoration:none;white-space:pre"> per ADS) for a maximum aggregate amount </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:537.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:49.449999999999996pt;position:var(--position);text-decoration:none;white-space:pre">$100,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:82.6pt;position:var(--position);text-decoration:none;white-space:pre"> excluding expenses. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:555.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Tender Offer was completed on June 24, 2024. The Group repurchased </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:326.96pt;position:var(--position);text-decoration:none;white-space:pre">31,540,670</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:366.74pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary shares under the Tender Offer. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:565.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Following such repurchase, the Group cancelled these shares repurchased. As a result of the cancellation, the nominal value of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:575.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">$600</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:58.56999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> related to the cancelled shares was reduced from share capital and transferred to a capital redemption reserve, increasing </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:585.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the capital redemption reserve balance to </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:199.55pt;position:var(--position);text-decoration:none;white-space:pre">$600</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:218.43pt;position:var(--position);text-decoration:none;white-space:pre"> which was included within other reserves in the</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:398.62pt;position:var(--position);text-decoration:none;white-space:pre"> Consolidated Statement of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:595.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Changes in Equity.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:612.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:61.099999999999994pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.04pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:152.78pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:225.72pt;position:var(--position);text-decoration:none;white-space:pre">, the Group’s issued share capital was </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:369.11pt;position:var(--position);text-decoration:none;white-space:pre">257,927,489</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:413.31pt;position:var(--position);text-decoration:none;white-space:pre"> shares, including </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:480.81pt;position:var(--position);text-decoration:none;white-space:pre">16,243,451</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:520.5899999999999pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:622.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">shares and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:82.35pt;position:var(--position);text-decoration:none;white-space:pre">18,506,177</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:122.13pt;position:var(--position);text-decoration:none;white-space:pre"> shares repurchased under the share repurchase program, and were held by the Group in treasury, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:632.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">respectively. The Group does not have a limited amount of authorized share capital.</span></div> <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Total equity for the Group as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:160.39999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:233.34pt;position:var(--position);text-decoration:none;white-space:pre">, and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:254.29pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:271.97pt;position:var(--position);text-decoration:none;white-space:pre">, was as follows:</span><div style="position:var(--position);top:125.46pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:17.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.21pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:8.02pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:11.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:20.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.21pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.94pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:11.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:20.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:17.25pt;width:381.75pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Equity</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:28.5pt;width:381.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.76pt;width:381.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share capital, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:53.11pt;position:var(--position);text-decoration:none;white-space:pre">£0.01</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:73pt;position:var(--position);text-decoration:none;white-space:pre"> par value, issued and paid </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:175.78pt;position:var(--position);text-decoration:none;white-space:pre">257,927,489</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:219.98000000000002pt;position:var(--position);text-decoration:none;white-space:pre">, as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:244.4pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:317.34pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:336.08pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:28.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,860<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:28.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,860<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:41.25pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share premium</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:41.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">290,262<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:41.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">290,262<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:381.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Treasury shares, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:62.559999999999995pt;position:var(--position);text-decoration:none;white-space:pre">16,243,451</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:102.34pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:121.08pt;position:var(--position);text-decoration:none;white-space:pre">18,506,177</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:160.86pt;position:var(--position);text-decoration:none;white-space:pre"> as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:183.07000000000002pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:256.01pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:274.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:292.43pt;position:var(--position);text-decoration:none;white-space:pre">, respectively</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:52.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(41,154)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:52.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(46,864)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Merger reserve</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">138,506<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">138,506<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Translation reserve</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">182<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">182<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Other reserves</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:86.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(3,352)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:86.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(4,726)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:97.5pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Retained earnings/(accumulated deficit)</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:97.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(77,231)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:97.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">32,486<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108.75pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Equity attributable to owners of the Group</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:108.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">312,073<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:108.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">414,707<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Non-controlling interests</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:120pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(6,397)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:120pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(6,774)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:131.25pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total equity</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:131.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">305,676<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:131.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">407,933<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 0.01 0.01 257927489 257927489 4860000 4860000 290262000 290262000 16243451 18506177 41154000 46864000 138506000 138506000 182000 182000 -3352000 -4726000 -77231000 32486000 312073000 414707000 -6397000 -6774000 305676000 407933000 1 159648387 50000000 1 2 25000000 20182863 100000000 33500000 250 25.00 100000000 31540670 600000 600000 257927489 257927489 16243451 18506177 <div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">17.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary Preferred Shares </span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Preferred shares issued by subsidiaries often contain redemption and conversion features that are assessed under IFRS 9 in </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">conjunction with the host preferred share instrument. This balance represents subsidiary preferred shares issued to third parties. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:135.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The subsidiary preferred shares are redeemable upon the occurrence of a contingent event, other than full liquidation of the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:145.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">subsidiaries, that is not considered to be within the control of the subsidiaries. Therefore, these subsidiary preferred shares are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:155.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">classified as liabilities. These liabilities are measured at fair value through profit and loss. The preferred shares are convertible into </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:165.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">ordinary shares of the subsidiaries at the option of the holders and are mandatorily convertible into ordinary shares under certain </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:175.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">circumstances. Under certain scenarios, the number of ordinary shares receivable on conversion will change and therefore, the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">number of shares that will be issued is not fixed. As such, the conversion feature is considered to be an embedded derivative that </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">normally would require bifurcation. However, since the subsidiary preferred share liability is measured at fair value through profit and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:205.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">loss, as mentioned above, no bifurcation is required. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:223.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The preferred shares are entitled to vote with holders of common shares on an as converted basis.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:241.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">In April 2024, Seaport closed a Series A-2 preferred share financing with aggregate proceeds of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:417.41pt;position:var(--position);text-decoration:none;white-space:pre">$100,100</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:450.56pt;position:var(--position);text-decoration:none;white-space:pre"> of which </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:486.28pt;position:var(--position);text-decoration:none;white-space:pre">$68,100</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:515.01pt;position:var(--position);text-decoration:none;white-space:pre"> was from </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:251.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">outside investors and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:139.14999999999998pt;position:var(--position);text-decoration:none;white-space:pre">$32,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:167.88pt;position:var(--position);text-decoration:none;white-space:pre"> was from the Group. The </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:265.95pt;position:var(--position);text-decoration:none;white-space:pre">$68,100</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:294.68pt;position:var(--position);text-decoration:none;white-space:pre"> received from the outside investors was recorded as a subsidiary </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:261.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">preferred share liability within the Group’s balance sheet. In October 2024, Seaport closed a Series B preferred share financing with </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:271.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">aggregate proceeds of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:145.75pt;position:var(--position);text-decoration:none;white-space:pre">$226,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:178.89999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> of which </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:214.62pt;position:var(--position);text-decoration:none;white-space:pre">$211,600</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:247.77pt;position:var(--position);text-decoration:none;white-space:pre"> was from outside investors and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:368.49pt;position:var(--position);text-decoration:none;white-space:pre">$14,400</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:397.21999999999997pt;position:var(--position);text-decoration:none;white-space:pre"> was from the Group. As a result of the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:281.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Series B preferred share financing, the Group lost control of Seaport, and the Group derecognized the assets, liabilities and non-</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:291.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">controlling interest in respect of Seaport from its Consolidated Financial Statements. See Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:414.66pt;position:var(--position);text-decoration:none;white-space:pre">8. Gain/(loss) on Deconsolidation of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:301.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:95.38pt;position:var(--position);text-decoration:none;white-space:pre">. As such, the balance of subsidiary preferred share liability in Seaport was reduced to $</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:423.16pt;position:var(--position);text-decoration:none;white-space:pre">0</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:427.58pt;position:var(--position);text-decoration:none;white-space:pre"> upon deconsolidation.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:318.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The fair value of all subsidiary preferred shares as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:253.38pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:326.32pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:345.06pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:418pt;position:var(--position);text-decoration:none;white-space:pre"> was </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:436.43pt;position:var(--position);text-decoration:none;white-space:pre">$169</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:454.11pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:336.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">As is customary, in the event of any voluntary or involuntary liquidation, dissolution or winding up of a subsidiary, the holders of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:346.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">outstanding subsidiary preferred shares shall be entitled to be paid out of the assets of the subsidiary available for distribution to </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:356.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">shareholders and before any payment shall be made to holders of ordinary shares. A merger, acquisition, sale of voting control or </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:366.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">other transaction of a subsidiary in which the shareholders of the subsidiary immediately before the transaction do not own a </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:376.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">majority of the outstanding shares of the surviving company shall be deemed to be a liquidation event. Additionally, a sale, lease, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:386.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">transfer or other disposition of all or substantially all of the assets of the subsidiary shall also be deemed a liquidation event.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:404.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:78.1pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:151.04pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:169.78pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:242.72pt;position:var(--position);text-decoration:none;white-space:pre">, the minimum liquidation preference reflecting the amounts that would be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:414.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">payable to the subsidiary preferred holders upon a liquidation event of the subsidiaries, is as follows:</span></div><div style="position:var(--position);top:432.26pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:7.11pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:15.51pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:7.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:15.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:381.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:4.26pt;width:381.75pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:24pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Entrega</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:24pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">2,216<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:24pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,216<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:35.25pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Follica</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:35.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">6,405<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:35.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">6,405<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:46.5pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total minimum liquidation preference</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:46.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">8,621<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:46.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">8,621<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">For the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:85.97pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:132.23000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.44pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:207.38pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:226.12pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:243.8pt;position:var(--position);text-decoration:none;white-space:pre">, the Group recognized the following changes in the value of subsidiary </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:512.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">preferred shares:</span></div><div style="position:var(--position);top:530.61pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:5.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:14.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:5.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:14.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #00497f;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #00497f;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:22.5pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Balance as of January 1,</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:22.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:22.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Issuance of Seaport preferred shares – financing cash flow</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:33.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:33.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">68,100<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Increase in value of preferred shares measured at fair value – finance income</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:45pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:45pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">8,108<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation of subsidiary - (Seaport)</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:57.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:57.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.59pt"></span></span><span style="left:27.22pt;position:var(--position)">(76,208)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:381.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:57.32pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:69pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:69pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 100100000 68100000 32000000 68100000 226000000 211600000 14400000 0 169000 169000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:78.1pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:151.04pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:169.78pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:242.72pt;position:var(--position);text-decoration:none;white-space:pre">, the minimum liquidation preference reflecting the amounts that would be </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:414.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">payable to the subsidiary preferred holders upon a liquidation event of the subsidiaries, is as follows:</span></div><div style="position:var(--position);top:432.26pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:7.11pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:15.51pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:7.11pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:15.51pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:381.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:4.26pt;width:381.75pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:24pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Entrega</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:24pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">2,216<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:24pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,216<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:35.25pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Follica</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:35.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">6,405<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:35.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">6,405<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:46.5pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total minimum liquidation preference</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:46.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">8,621<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:46.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">8,621<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 2216000 2216000 6405000 6405000 8621000 8621000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">For the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:85.97pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:132.23000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.44pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:207.38pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:226.12pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:243.8pt;position:var(--position);text-decoration:none;white-space:pre">, the Group recognized the following changes in the value of subsidiary </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:512.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">preferred shares:</span></div><div style="position:var(--position);top:530.61pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:5.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:14.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:5.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:14.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #00497f;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #00497f;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:22.5pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Balance as of January 1,</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:22.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:22.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33.75pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Issuance of Seaport preferred shares – financing cash flow</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:33.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:33.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">68,100<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Increase in value of preferred shares measured at fair value – finance income</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:45pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:45pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">8,108<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:381.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation of subsidiary - (Seaport)</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:57.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:57.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.59pt"></span></span><span style="left:27.22pt;position:var(--position)">(76,208)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69pt;width:381.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:381.75pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:57.32pt;position:var(--position);text-decoration:none;white-space:pre">December 31,</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:69pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:69pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 169000 169000 0 68100000 0 8108000 0 76208000 169000 169000 <div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">18.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Sale of Future Royalties Liability</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">On March 4, 2011, the Group entered into a license agreement (the “License Agreement”) with Karuna, according to which the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Group granted Karuna an exclusive license to research, develop and sell KarXT in exchange for a royalty on annual net sales, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">development and regulatory milestones and a fixed portion of sublicensing income, if any.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:145.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">On March 22, 2023, the Group signed an agreement with Royalty Pharma (the "Royalty Purchase Agreement"), according to which </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:155.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the Group sold Royalty Pharma a partial right to receive royalty payments from Karuna in respect of net sales of KarXT, if and when </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:165.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">received. According to the Royalty Purchase Agreement, all royalties due to the Group under the License Agreement will be paid to </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:175.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Royalty Pharma up to an annual royalties threshold of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:241.93pt;position:var(--position);text-decoration:none;white-space:pre">$60,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:270.65999999999997pt;position:var(--position);text-decoration:none;white-space:pre">, while all royalties above such annual threshold in a given year will be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">split </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:57.62pt;position:var(--position);text-decoration:none;white-space:pre">33%</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:73.38pt;position:var(--position);text-decoration:none;white-space:pre"> to Royalty Pharma and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:162.32pt;position:var(--position);text-decoration:none;white-space:pre">67%</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:178.07999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> to the Group. Under the terms of the Royalty Purchase Agreement, the Group received a non-</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">refundable initial payment of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:150.29pt;position:var(--position);text-decoration:none;white-space:pre">$100,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:183.44pt;position:var(--position);text-decoration:none;white-space:pre"> at the execution of the Royalty Purchase Agreement and is eligible to receive additional </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:205.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">payments in the aggregate of up to an additional </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:227.13pt;position:var(--position);text-decoration:none;white-space:pre">$400,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:260.28pt;position:var(--position);text-decoration:none;white-space:pre"> based on the achievement of certain regulatory and commercial </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:215.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">milestones.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:233.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group continues to hold the rights under the License Agreement and has a contractual obligation to deliver cash to Royalty </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:243.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Pharma for a portion of the royalties it receives. Therefore, the Group will continue to account for any royalties and milestones due </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:253.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">to the Group under the License Agreement as revenue in its Consolidated Statement of Comprehensive Income/(Loss) and record </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:263.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the proceeds from the Royalty Purchase Agreement as a financial liability on its Consolidated Statement of Financial Position. In </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:273.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">determining the appropriate accounting treatment for the Royalty Purchase Agreement, management applied significant judgment. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:291.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The acquisition of Karuna by Bristol Myers Squibb ("BMS"), which closed on March 18, 2024, had no impact on the Group's rights or </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:301.06pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">obligations under the License Agreement or the Royalty Purchase Agreement, each of which remains in full force and effect.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:318.86pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">In order to determine the amortized cost of the sale of future royalties liability, management is required to estimate the total amount </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:328.86pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">of future receipts from and payments to Royalty Pharma under the Royalty Purchase Agreement over the life of the agreement. The </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:338.86pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">$100,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:72.84pt;position:var(--position);text-decoration:none;white-space:pre"> liability, recorded at execution of the Royalty Purchase Agreement, is accreted to the total of these receipts and payments </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:348.86pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">as interest expense over the life of the Royalty Purchase Agreement. These estimates contain assumptions that impact both the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:358.86pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">amortized cost of the liability and the interest expense that are recognized in each reporting period. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:376.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Additional proceeds received from Royalty Pharma increase the Group’s financial liability. As royalty payments are made to Royalty </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:386.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Pharma, the balance of the liability is effectively repaid over the life of the Royalty Purchase Agreement. The estimated timing and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:396.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">amount of royalty payments to and proceeds from Royalty Pharma are likely to change over the life of the Royalty Purchase </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:406.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Agreement. A significant increase or decrease in estimated royalty payments, or a significant shift in the timing of cash flows, will </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:416.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">materially impact the sale of future royalties liability, interest expense and the time period for repayment. The Group periodically </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:426.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">assesses the expected payments to, or proceeds from, Royalty Pharma. Any such changes in amount or timing of cash flows requires </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:436.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the Group to re-calculate the amortized cost of the sale of future royalties liability as the present value of the estimated future cash </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:446.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">flows from the Royalty Purchase Agreement that are discounted at the liability’s original effective interest rate. The adjustment is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:456.66pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">recognized immediately in profit or loss as income or expense. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:474.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">On October 1, 2024, the Group received </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:194.14pt;position:var(--position);text-decoration:none;white-space:pre">$25,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:222.87pt;position:var(--position);text-decoration:none;white-space:pre"> from Royalty Pharma upon the FDA's approval for BMS to market KarXT as </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:484.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Cobenfy. The Group paid Royalty Pharma </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:198.48pt;position:var(--position);text-decoration:none;white-space:pre">$3,456</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:222.79pt;position:var(--position);text-decoration:none;white-space:pre"> in 2025 for the royalties received from BMS for the sales of Cobenfy from the fourth </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:494.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">quarter of 2024 through the third quarter of 2025. For the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:256.52pt;position:var(--position);text-decoration:none;white-space:pre">year ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:299.16pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:301.37pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:374.31pt;position:var(--position);text-decoration:none;white-space:pre">, the Group recognized </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:464.17pt;position:var(--position);text-decoration:none;white-space:pre">$4,659</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:488.48pt;position:var(--position);text-decoration:none;white-space:pre"> royalty </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:504.46pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">revenue from BMS’ sale of Cobenfy. The royalties for the fourth quarter of 2025 was paid to Royalty Pharma in February 2026.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:522.26pt;width:594.72pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The following shows the activity in respect of the sale of future royalties liability:</span></div><div style="position:var(--position);top:540.06pt;width:594.72pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:438pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:30pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:4.71pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:12.26pt;position:var(--position);text-decoration:none;white-space:pre">Sale of future </span></div><div style="line-height:7pt;position:var(--position);top:13.11pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:4pt;position:var(--position);text-decoration:none;white-space:pre">royalties liability</span></div><div style="line-height:7pt;position:var(--position);top:21.51pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">January 1, 2024</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">110,159<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:41.25pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:438pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Payment from Royalty Pharma – regulatory milestone</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:41.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">25,000<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Non-cash interest expense recognized</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:52.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">8,058<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">143,217<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Payments to Royalty Pharma</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(3,456)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Non-cash interest expense recognized</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:86.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">43,908<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:97.5pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:97.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">183,669<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108.75pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Sale of future royalties liability, current</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:108.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">13,247<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Sale of future royalties liability, non-current</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:120pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.38pt"></span></span><span style="left:25.009999999999998pt;position:var(--position)">170,422<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 60000000 0.33 0.67 100000000 400000000 100000000 -25000000 3456000 4659000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The following shows the activity in respect of the sale of future royalties liability:</span><div style="position:var(--position);top:540.06pt;width:594.72pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:438pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:30pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:4.71pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:12.26pt;position:var(--position);text-decoration:none;white-space:pre">Sale of future </span></div><div style="line-height:7pt;position:var(--position);top:13.11pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:4pt;position:var(--position);text-decoration:none;white-space:pre">royalties liability</span></div><div style="line-height:7pt;position:var(--position);top:21.51pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">January 1, 2024</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">110,159<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:41.25pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:438pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Payment from Royalty Pharma – regulatory milestone</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:41.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">25,000<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:52.5pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Non-cash interest expense recognized</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:52.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">8,058<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">143,217<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Payments to Royalty Pharma</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(3,456)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:86.25pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Non-cash interest expense recognized</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:86.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">43,908<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:97.5pt;width:438pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:97.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">183,669<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108.75pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Sale of future royalties liability, current</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:108.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">13,247<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Sale of future royalties liability, non-current</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:120pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.38pt"></span></span><span style="left:25.009999999999998pt;position:var(--position)">170,422<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 110159000 -25000000 8058000 143217000 3456000 43908000 183669000 13247000 170422000 <div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">19.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial Instruments</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group’s financial instruments consist of financial assets in the form of convertible notes, investment in shares, and financial </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">liabilities, including notes and preferred shares. Many of these financial instruments are presented at fair value, with changes in fair </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">value recorded through profit and loss.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:145.46pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value Process</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:155.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">For financial instruments measured at fair value under IFRS 9, the change in the fair value is reflected through profit and loss. Using </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:165.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">the guidance in IFRS 13, the total business enterprise value and allocable equity of each entity being valued can be determined </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:175.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">using a market backsolve approach through a recent arm’s length financing round (or a future probable arm's length transaction), </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">market/asset probability-weighted expected return method ("PWERM") approach, discounted cash flow approach, or hybrid </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">approaches. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:105.32pt;position:var(--position);text-decoration:none;white-space:pre">The approaches, in order of strongest fair value evidence, are detailed as follows:</span></div><div style="position:var(--position);top:213.46pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:109.5pt"></td><td style="padding:0;width:385.5pt"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:109.5pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Valuation Method</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);width:385.5pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Description</span></div></div></div></td></tr><tr style="height:23.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:11.25pt;width:109.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Market – Backsolve</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);top:11.25pt;width:385.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">The market backsolve approach benchmarks the original issue price (OIP) of the company’s latest </span></div><div style="line-height:8.5pt;position:var(--position);top:12.83pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">funding transaction as current value.</span></div></div></div></td></tr><tr style="height:45.75pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:109.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Market/Asset – PWERM</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);top:34.5pt;width:385.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Under a PWERM, the company value is based upon the probability-weighted present value of </span></div><div style="line-height:8.5pt;position:var(--position);top:12.83pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">expected future investment returns, considering each of the possible future outcomes available to </span></div><div style="line-height:8.5pt;position:var(--position);top:23.03pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">the enterprise. Possible future outcomes can include IPO scenarios, potential SPAC transactions, </span></div><div style="line-height:8.5pt;position:var(--position);top:33.23pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">merger and acquisition transactions as well as other similar exit transactions of the investee.</span></div></div></div></td></tr><tr style="height:23.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:80.25pt;width:109.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income Based – DCF</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);top:80.25pt;width:385.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">The income approach is used to estimate fair value based on the income streams, such as cash flows </span></div><div style="line-height:8.5pt;position:var(--position);top:12.83pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">or earnings, that an asset or business can be expected to generate.</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:327.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">At each measurement date, investments held at fair value (that are not publicly traded) as well as the fair value of subsidiary </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:337.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">preferred share liability, including embedded conversion rights that are not bifurcated, were determined using the following </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:347.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">allocation methods: option pricing model (“OPM”), PWERM, or hybrid allocation framework. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:406.37pt;position:var(--position);text-decoration:none;white-space:pre">The methods are detailed as follows:</span></div><div style="position:var(--position);top:365.01pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:109.5pt"></td><td style="padding:0;width:385.5pt"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:109.5pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Allocation Method</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);width:385.5pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Description</span></div></div></div></td></tr><tr style="height:23.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:11.25pt;width:109.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">OPM</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);top:11.25pt;width:385.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">The OPM model treats preferred stock as call options on the enterprise’s equity value, with exercise </span></div><div style="line-height:8.5pt;position:var(--position);top:12.83pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">prices based on the liquidation preferences of the preferred stock. </span></div></div></div></td></tr><tr style="height:33.75pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:109.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">PWERM</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);top:34.5pt;width:385.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Under a PWERM, share value is based upon the probability-weighted present value of expected </span></div><div style="line-height:8.5pt;position:var(--position);top:12.83pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">future investment returns, considering each of the possible future outcomes available to the </span></div><div style="line-height:8.5pt;position:var(--position);top:23.03pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">enterprise, as well as the rights of each share class. </span></div></div></div></td></tr><tr style="height:44.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:109.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Hybrid</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);top:68.25pt;width:385.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">The hybrid method is a combination of the PWERM and OPM. Under the hybrid method, multiple </span></div><div style="line-height:8.5pt;position:var(--position);top:12.83pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">liquidity scenarios are weighted based on the probability of the scenario's occurrence, similar to the </span></div><div style="line-height:8.5pt;position:var(--position);top:23.03pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">PWERM, while also utilizing the OPM to estimate the allocation of value in one or more of the </span></div><div style="line-height:8.5pt;position:var(--position);top:33.23pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">scenarios. </span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:487.76pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Valuation policies and procedures are regularly monitored by the Group. Fair value measurements, including those categorized </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:497.76pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">within Level 3, are prepared and reviewed for reasonableness and compliance with the fair value measurements guidance under </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:507.76pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">IFRS accounting standards. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:160.87pt;position:var(--position);text-decoration:none;white-space:pre">The Group measures fair value using the following fair value hierarchy that reflects the significance of the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:517.76pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">inputs used in making the measurements:</span></div><div style="position:var(--position);top:535.56pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:109.5pt"></td><td style="padding:0;width:385.5pt"></td></tr><tr style="height:20.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:109.5pt"><div><div style="line-height:7pt;position:var(--position);top:3.36pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Hierarchy Level</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);width:385.5pt"><div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Description</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:109.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);top:20.25pt;width:385.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Inputs that are quoted market prices (unadjusted) in active markets for identical instruments.</span></div></div></div></td></tr><tr style="height:23.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33pt;width:109.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);top:33pt;width:385.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Inputs other than quoted prices included within Level 1 that are observable either directly (i.e. as </span></div><div style="line-height:8.5pt;position:var(--position);top:12.83pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">prices) or indirectly (i.e. derived from prices). </span></div></div></div></td></tr><tr style="height:33.75pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:56.25pt;width:109.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);top:56.25pt;width:385.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Inputs that are unobservable. This category includes all instruments for which the valuation technique </span></div><div style="line-height:8.5pt;position:var(--position);top:12.83pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">includes inputs not based on observable data and the unobservable inputs have a significant effect </span></div><div style="line-height:8.5pt;position:var(--position);top:23.03pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">on the instruments' valuation. </span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:635.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Whilst the Group considers the methodologies and assumptions adopted in fair value measurements as supportable and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:645.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">reasonable, because of the inherent uncertainty of valuation, those estimated values may differ significantly from the values that </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:655.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">would have been used had a ready market for the investment existed.</span></div><div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">19.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial Instruments continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary Preferred Share Liability</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:61.099999999999994pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.04pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:152.78pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:225.72pt;position:var(--position);text-decoration:none;white-space:pre">, the fair value of subsidiary preferred share liability was </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:435.46pt;position:var(--position);text-decoration:none;white-space:pre">$169</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:453.14pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:472.18pt;position:var(--position);text-decoration:none;white-space:pre">$169</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:489.86pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">respectively. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:89.37pt;position:var(--position);text-decoration:none;white-space:pre">See Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:127.14999999999999pt;position:var(--position);text-decoration:none;white-space:pre">17. Subsidiary Preferred Shares</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:243.76pt;position:var(--position);text-decoration:none;white-space:pre"> for </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:258.85pt;position:var(--position);text-decoration:none;white-space:pre">the changes in the Group’s subsidiary preferred share liability </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">measured at fair value, which are categorized as Level 3 in the fair value hierarchy. The changes in fair value of subsidiary preferred </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">share liability are recorded in finance income/(costs) – fair value accounting in the Consolidated Statement of Comprehensive </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:157.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Income/(Loss).</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:175.66pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Investments</span><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:86.24pt;position:var(--position);text-decoration:none;white-space:pre"> Held at Fair Value</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group has immaterial investments in listed entities on an active exchange, and as such, the fair value of these investments </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:59.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:132.63pt;position:var(--position);text-decoration:none;white-space:pre"> was calculated utilizing the quoted common share price, which is categorized as Level 1 in the fair value </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:205.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">hierarchy. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:223.66pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:italic;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Seaport, Vedanta and Sonde</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:233.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:61.099999999999994pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.04pt;position:var(--position);text-decoration:none;white-space:pre">, the Group accounted for the following investments under IFRS 9 as investments held at fair value with </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:243.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">changes in fair value through profit and loss: Seaport preferred shares, Vedanta preferred shares, and Sonde preferred A-2 and B </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:253.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">shares. The valuations of the aforementioned investments are categorized as Level 3 in the fair value hierarchy due to the use of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:263.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">significant unobservable inputs to value such assets. During the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:279.95pt;position:var(--position);text-decoration:none;white-space:pre">year ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:322.59pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:324.8pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:397.74pt;position:var(--position);text-decoration:none;white-space:pre">, the Group recorded such </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:273.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">investments at fair value and recognized a gain of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:228.21pt;position:var(--position);text-decoration:none;white-space:pre">$39,074</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:256.94pt;position:var(--position);text-decoration:none;white-space:pre"> for the changes in fair value of the investments.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:291.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The following table summarizes the changes in all the Group’s investments held at fair value categorized as Level 3 in the fair </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:301.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">value hierarchy:</span></div><div style="position:var(--position);top:311.66pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:485.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:314.25pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:38.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:314.25pt"><div><div style="line-height:7pt;position:var(--position);top:29.76pt;width:314.25pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Level 3 Investments held at fair value</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="height:38.25pt;left:314.25pt;overflow:hidden;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:12.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:11.55pt;position:var(--position);text-decoration:none;white-space:pre">Balance under </span></div><div style="line-height:7pt;position:var(--position);top:21.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:36.65pt;position:var(--position);text-decoration:none;white-space:pre">IFRS 9 </span></div><div style="line-height:7pt;position:var(--position);top:29.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:52.36pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="height:38.25pt;left:371.25pt;overflow:hidden;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:4.56pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Equity method </span></div><div style="line-height:7pt;position:var(--position);top:12.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:14.04pt;position:var(--position);text-decoration:none;white-space:pre">loss recorded </span></div><div style="line-height:7pt;position:var(--position);top:21.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.56pt;position:var(--position);text-decoration:none;white-space:pre">against LTI </span></div><div style="line-height:7pt;position:var(--position);top:29.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:52.36pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="height:38.25pt;left:428.25pt;overflow:hidden;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:21.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:2.9pt;position:var(--position);text-decoration:none;white-space:pre">Carrying Amount </span></div><div style="line-height:7pt;position:var(--position);top:29.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:52.36pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #183964;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:314.25pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.76pt;width:314.25pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">January 1, 2024</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">24,872<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">24,872<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:314.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:314.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation of Seaport - new investment in Seaport preferred shares</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:51pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.38pt"></span></span><span style="left:25.009999999999998pt;position:var(--position)">179,248<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:51pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:51pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.38pt"></span></span><span style="left:25.009999999999998pt;position:var(--position)">179,248<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:314.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:314.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on changes in fair value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.59pt"></span></span><span style="left:27.22pt;position:var(--position)">(10,361)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.59pt"></span></span><span style="left:27.22pt;position:var(--position)">(10,361)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:76.5pt;width:314.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:314.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Equity method loss recorded against LTI </span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:76.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:76.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(5,307)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:76.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(5,307)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:314.25pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.76pt;width:314.25pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:89.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">193,758<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:89.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(5,307)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:89.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">188,452<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102pt;width:314.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:314.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in Vedanta preferred shares</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:102pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">888<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:102pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:102pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">888<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:314.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:314.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Conversion of Vedanta note to preferred shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:114pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">2,836<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:114pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:114pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">2,836<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:314.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:314.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on changes in fair value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">39,074<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">39,074<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:138pt;width:314.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:314.25pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Equity method loss recorded against LTI, net</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:138pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:138pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.59pt"></span></span><span style="left:27.22pt;position:var(--position)">(13,831)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:138pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.59pt"></span></span><span style="left:27.22pt;position:var(--position)">(13,831)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:150pt;width:314.25pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.76pt;width:314.25pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:150pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">236,557<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:150pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(19,138)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:150pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">217,419<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:484.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The changes in fair value of investments held at fair value are recorded in gain/(loss) </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:356.6pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">on investments h</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:420.49pt;position:var(--position);text-decoration:none;white-space:pre">eld at fair value in the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:494.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated Statement of Comprehensive Income/(Loss).</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:512.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:61.099999999999994pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.04pt;position:var(--position);text-decoration:none;white-space:pre">, the Group’s material investment held at fair value categorized as Level 3 in the fair value hierarchy </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:522.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">included the preferred shares of Seaport with fair value of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:258.24pt;position:var(--position);text-decoration:none;white-space:pre">$236,003</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:291.39pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">. </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:295.81pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">The significant unobservable inputs used at </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:461.32pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2025</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:534.26pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:532.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">in the fair value measurement of this investment and the sensitivity of the fair value measurement to changes in these significant </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:542.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">unobservable inputs are summarized in the table below. </span></div><div style="position:var(--position);top:560.26pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:255pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:255pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.26pt;width:255pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:17.959999999999997pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td colspan="3" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);width:240.75pt"><div><div style="line-height:7pt;position:var(--position);top:1.86pt;width:240.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:73.34pt;position:var(--position);text-decoration:none;white-space:pre">Investment Measured through </span></div><div style="line-height:7pt;position:var(--position);top:10.26pt;width:240.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:76.13pt;position:var(--position);text-decoration:none;white-space:pre">Market Backsolve &amp; PWERM</span></div></div></div></td></tr><tr style="height:23.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:18.75pt;width:255pt"><div><div style="line-height:7pt;position:var(--position);top:14.76pt;width:255pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Unobservable Inputs</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:18.75pt;width:80.25pt"><div><div style="line-height:7pt;position:var(--position);top:14.76pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:42.11pt;position:var(--position);text-decoration:none;white-space:pre">Input Value </span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:335.25pt;position:var(--position);top:18.75pt;width:80.25pt"><div><div style="line-height:7pt;position:var(--position);top:14.76pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:24.78pt;position:var(--position);text-decoration:none;white-space:pre">Sensitivity Range</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:415.5pt;position:var(--position);top:18.75pt;width:80.25pt"><div><div style="line-height:7pt;position:var(--position);top:6.36pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:16.46pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value Increase/</span></div><div style="line-height:7pt;position:var(--position);top:14.76pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:39pt;position:var(--position);text-decoration:none;white-space:pre">(Decrease) $</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:255pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:255pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Equity Value</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:42pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:48.89pt;position:var(--position);text-decoration:none;white-space:pre">689,748</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:335.25pt;position:var(--position);top:42pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:60.91pt;position:var(--position)"></span><span style="left:60.91pt;position:var(--position)">-10</span><span style="left:72.58pt;position:var(--position)">%</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:415.5pt;position:var(--position);top:42pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:48.14pt"></span></span><span style="left:50.77pt;position:var(--position)">(24,667)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:335.25pt;position:var(--position);top:53.25pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:58.08pt;position:var(--position);text-decoration:none;white-space:pre">+10%</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:415.5pt;position:var(--position);top:53.25pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:50.35pt"></span></span><span style="left:52.980000000000004pt;position:var(--position)">24,634<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:255pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:255pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Probability of entering into an initial public offering ("IPO")*</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:64.5pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:61.53pt;position:var(--position)"></span><span style="left:61.53pt;position:var(--position)">50%<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:335.25pt;position:var(--position);top:64.5pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:60.91pt;position:var(--position)"></span><span style="left:60.91pt;position:var(--position)">-10</span><span style="left:72.58pt;position:var(--position)">%</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:415.5pt;position:var(--position);top:64.5pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:52.56pt"></span></span><span style="left:55.190000000000005pt;position:var(--position)">(5,270)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:335.25pt;position:var(--position);top:75.75pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:58.08pt;position:var(--position);text-decoration:none;white-space:pre">+10%</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:415.5pt;position:var(--position);top:75.75pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:54.77pt"></span></span><span style="left:57.400000000000006pt;position:var(--position)">5,270<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:660.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">*Assumed the IPO event occurs on June 30, 2026. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:677.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The unobservable inputs outlined within the table above were used to determine the fair value of our investment in the convertible </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:687.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">preferred shares of a private company as of </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:204.93pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2025</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:277.87pt;position:var(--position);text-decoration:none;white-space:pre">. Whilst the Group considers the methodologies and assumptions </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:697.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">used in the fair value measurement to be supportable and reasonable based on a number of factors, including stage of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:707.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">development for underlying programs and market conditions, because of the inherent uncertainties associated with the valuation, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:717.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the estimated value may differ significantly from the values that would have been used had a ready market for the investment </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:727.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">existed. The fair value measurement of our investment in the convertible preferred shares will be updated at each reporting date. </span></div></div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">19.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Financial Instruments continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Investments in Notes from Associates</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:78.1pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2025</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:151.04pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:169.78pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:188.66pt;position:var(--position);text-decoration:none;white-space:pre">, the investment in notes from as</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:311.11pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">sociates was </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:359.9pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$11,417</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:388.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> and </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:407.37pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$17,731</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:436.1pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, respectively. The balance as </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.86pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:66.45pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2025</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:139.39pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> represents the fair value of convertible promissory notes issued by Gelesis with a principal value of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:512.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$26,850</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:541.6600000000001pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">. </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.86pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">The balance as of </span></span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:124.99pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:200.18pt;position:var(--position);text-decoration:none;white-space:pre"> represents the fair value of the aforementioned</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:381.01pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> convertible debt issued by Gelesis as well as </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.86pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">the convertible promissory note issued by Vedanta with a principal value of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:340.55pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$5,000</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:364.86pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">. The Vedanta convertible note was converted into </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:157.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">shares of Vedanta Series A-1 preferred stock</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:223.65pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> in August 2025. See Note </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:323.82pt;position:var(--position);text-decoration:none;white-space:pre">5. Investments Held at Fair Value</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:446.91pt;position:var(--position);text-decoration:none;white-space:pre">. </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:451.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">As a result, the Vedanta </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:167.86pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">convertible promissory note is no longer outstanding.</span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.66pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">During the </span></span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:99.16999999999999pt;position:var(--position);text-decoration:none;white-space:pre">year ended</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:142.11pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:144.32pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2025</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:217.26pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, the Group recorded a loss of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:332.48pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$3,628</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:356.79pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> for the changes in fair value of the notes from </span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.66pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">associates in the gain/(loss) on investments in notes from associates within the Consolidated Statement of Comprehensive Income/</span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:205.66pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">(Loss). The loss was primarily driven by a decrease of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:255.94pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$3,514</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:280.25pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> in the fair value of the Vedanta convertible note prior to its conversion.</span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:223.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">In October 2023, Gelesis ceased operations and filed a voluntary petition for relief under the provisions of Chapter 7 of Title 11 of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:233.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">the United States Bankruptcy Code. Therefore, the Group determined the fair value of the convertible promissory notes issued by </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:243.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Gelesis to be </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:108.47pt;position:var(--position);text-decoration:none;white-space:pre">$0</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:117.31pt;position:var(--position);text-decoration:none;white-space:pre"> as of December 31, 2023. In June 2024, the Bankruptcy Court approved an executed agreement for a third party to </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:253.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">acquire the remaining net assets of Gelesis for </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:232.93pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$15,000</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:261.65999999999997pt;position:var(--position);text-decoration:none;white-space:pre">. As the only senior secured creditor, the Group is expected to receive a </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:263.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">majority of the proceeds from this sale after deduction of legal and administrative costs incurred by the Bankruptcy Court. As of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:273.46pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2025</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:129.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> and </span></span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:148.37pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:167.25pt;position:var(--position);text-decoration:none;white-space:pre">, these notes were determined to have a fair value of </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:366.98pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$11,417</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:395.71pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:414.45pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$11,381</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:443.18pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, respectively</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:492.25pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:291.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The convertible debt issued by Vedanta was valued at the conversion date using a probability-weighted backsolve approach.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:309.06pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value Measurement and Classification</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:319.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The fair value of financial instruments by category as of</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:262.64pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:264.85pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2025 and 2024</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:374.21pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:337.06pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:153.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);width:341.25pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:341.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:162.34pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:9.75pt;width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:28.96pt;position:var(--position);text-decoration:none;white-space:pre">Carrying Amount</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:270.75pt;position:var(--position);top:9.75pt;width:224.25pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:224.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:95.81pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:2.86pt;position:var(--position);text-decoration:none;white-space:pre">Financial Assets</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:26.01pt;position:var(--position);text-decoration:none;white-space:pre">Financial </span></div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:23.65pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:270.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:31.06pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327.75pt;position:var(--position);top:19.5pt;width:53.25pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:27.31pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:46.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:31.06pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.8pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45.75pt;width:153.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153.75pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Financial assets</span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:5.525pt;font-style:normal;font-weight:bold;left:61.08pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">1</span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:64.35pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:153.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Money Markets</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:58.29pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">97,447<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:270.75pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">97,447<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:327.75pt;position:var(--position);top:57pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">97,447<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:153.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:153.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in notes from associates</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">11,417<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:270.75pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:327.75pt;position:var(--position);top:68.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">11,417<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">11,417<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:153.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investments held at fair value</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:109.6pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">3</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">217,426<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:270.75pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.08pt"></span></span><span style="left:48.71pt;position:var(--position)">7<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327.75pt;position:var(--position);top:81pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">217,419<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">217,426<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:153.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total financial assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">326,290<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:270.75pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">97,454<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327.75pt;position:var(--position);top:92.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">228,836<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">326,290<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:153.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities:</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:153.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary preferred shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:270.75pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:327.75pt;position:var(--position);top:114.75pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:153.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share-based liability awards</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,044<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:270.75pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327.75pt;position:var(--position);top:126pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,044<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,044<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:137.25pt;width:153.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total financial liabilities</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:137.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:137.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,213<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:270.75pt;position:var(--position);top:137.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327.75pt;position:var(--position);top:137.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:137.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,213<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:137.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,213<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:495.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">1.<span style="display:inline-block;height:4.53pt;width:6.66pt"></span></span><span style="left:68.03pt;position:var(--position)">Excluded from the table above are short-term investments of </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:231.15pt;position:var(--position);text-decoration:none;white-space:pre">$24,829</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:251.43pt;position:var(--position);text-decoration:none;white-space:pre"> and cash equivalent of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:314.26pt;position:var(--position);text-decoration:none;white-space:pre">$124,538</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:337.66pt;position:var(--position);text-decoration:none;white-space:pre"> that are classified at amortized cost as of December 31, 2025. The cost of these </span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:503.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">short-term investments and cash equivalent approximates current fair value.</span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:511.71pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">2.<span style="display:inline-block;height:4.53pt;width:6.66pt"></span></span><span style="left:68.03pt;position:var(--position)">Included within cash and cash equivalents.</span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:520.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">3.<span style="display:inline-block;height:4.53pt;width:6.66pt"></span></span><span style="left:68.03pt;position:var(--position)">The carrying amount of  </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:132.86pt;position:var(--position);text-decoration:none;white-space:pre">$217,419</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:156.26pt;position:var(--position);text-decoration:none;white-space:pre"> reflects the fair value </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:214.28pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:221.17pt;position:var(--position);text-decoration:none;white-space:pre">$236,557</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:244.57pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:246.13pt;position:var(--position);text-decoration:none;white-space:pre">as of December 31, 2025, net of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:331.93pt;position:var(--position);text-decoration:none;white-space:pre">$19,138</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:352.21pt;position:var(--position);text-decoration:none;white-space:pre"> in equity method loss allocated to the long-term interest.</span></div><div style="position:var(--position);top:537.81pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:150pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);width:345pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:345pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:164.72pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:9.75pt;width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.32pt;position:var(--position);text-decoration:none;white-space:pre">Carrying Amount</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:9.75pt;width:228pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:228pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:98.59pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:5.14pt;position:var(--position);text-decoration:none;white-space:pre">Financial Assets</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:27.03pt;position:var(--position);text-decoration:none;white-space:pre">Financial </span></div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:25.38pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:32.21pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:32.21pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:32.21pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.58pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45.75pt;width:150pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:150pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Financial assets</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:58.29pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">1</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:61.16pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:150pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:150pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Money Markets</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:58.29pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">181,716<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">181,716<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">181,716<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:150pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:150pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in notes from associates</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">17,731<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">17,731<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">17,731<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:79.5pt;width:150pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:150pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investments held at fair value</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:109.6pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">3</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:79.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">191,426<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:79.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:79.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,974<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:79.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:79.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">188,452<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:79.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">191,426<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90.75pt;width:150pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:150pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total financial assets</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:90.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">390,873<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:90.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:90.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">184,690<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:90.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:90.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">206,183<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:90.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">390,873<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102pt;width:150pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:150pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities:</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:113.25pt;width:150pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:150pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary preferred shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:113.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:113.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:113.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:113.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:113.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:113.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:124.5pt;width:150pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:150pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share-based liability awards</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:124.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:124.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,736<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:124.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:124.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:124.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,736<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:124.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,736<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135.75pt;width:150pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:150pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total financial liabilities</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:135.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:135.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,905<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:135.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:135.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:135.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,905<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:135.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,905<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:695.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">1.<span style="display:inline-block;height:4.53pt;width:6.66pt"></span></span><span style="left:68.03pt;position:var(--position)">Excluded from the table above are short-term investments of </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:231.15pt;position:var(--position);text-decoration:none;white-space:pre">$86,666</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:251.43pt;position:var(--position);text-decoration:none;white-space:pre"> and cash equivalent of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:314.26pt;position:var(--position);text-decoration:none;white-space:pre">$62,179</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:334.54pt;position:var(--position);text-decoration:none;white-space:pre"> that are classified at amortized cost as of December 31, 2024. The cost of these </span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:702.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">short-term investments and cash equivalent approximates current fair value.</span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:710.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">2.<span style="display:inline-block;height:4.53pt;width:6.66pt"></span></span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Included within cash and cash equivalents.</span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:719.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">3.<span style="display:inline-block;height:4.53pt;width:6.66pt"></span></span><span style="left:68.03pt;position:var(--position)">The carrying amount of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:131.3pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$188,452</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:154.7pt;position:var(--position);text-decoration:none;white-space:pre"> reflects the fair value o</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:216.28pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">f </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:219.60999999999999pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$193,758</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:243.01pt;position:var(--position);text-decoration:none;white-space:pre"> as of December 31, 2024, net of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:330.37pt;position:var(--position);text-decoration:none;white-space:pre">$5,307</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:347.53pt;position:var(--position);text-decoration:none;white-space:pre"> in equity method loss allocated to the long-term interest.</span></div> <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:105.32pt;position:var(--position);text-decoration:none;white-space:pre">The approaches, in order of strongest fair value evidence, are detailed as follows:</span><div style="position:var(--position);top:213.46pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:109.5pt"></td><td style="padding:0;width:385.5pt"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:109.5pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Valuation Method</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);width:385.5pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Description</span></div></div></div></td></tr><tr style="height:23.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:11.25pt;width:109.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Market – Backsolve</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);top:11.25pt;width:385.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">The market backsolve approach benchmarks the original issue price (OIP) of the company’s latest </span></div><div style="line-height:8.5pt;position:var(--position);top:12.83pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">funding transaction as current value.</span></div></div></div></td></tr><tr style="height:45.75pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:109.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Market/Asset – PWERM</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);top:34.5pt;width:385.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Under a PWERM, the company value is based upon the probability-weighted present value of </span></div><div style="line-height:8.5pt;position:var(--position);top:12.83pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">expected future investment returns, considering each of the possible future outcomes available to </span></div><div style="line-height:8.5pt;position:var(--position);top:23.03pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">the enterprise. Possible future outcomes can include IPO scenarios, potential SPAC transactions, </span></div><div style="line-height:8.5pt;position:var(--position);top:33.23pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">merger and acquisition transactions as well as other similar exit transactions of the investee.</span></div></div></div></td></tr><tr style="height:23.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:80.25pt;width:109.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income Based – DCF</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);top:80.25pt;width:385.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">The income approach is used to estimate fair value based on the income streams, such as cash flows </span></div><div style="line-height:8.5pt;position:var(--position);top:12.83pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">or earnings, that an asset or business can be expected to generate.</span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:406.37pt;position:var(--position);text-decoration:none;white-space:pre">The methods are detailed as follows:</span><div style="position:var(--position);top:365.01pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:109.5pt"></td><td style="padding:0;width:385.5pt"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:109.5pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Allocation Method</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);width:385.5pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Description</span></div></div></div></td></tr><tr style="height:23.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:11.25pt;width:109.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">OPM</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);top:11.25pt;width:385.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">The OPM model treats preferred stock as call options on the enterprise’s equity value, with exercise </span></div><div style="line-height:8.5pt;position:var(--position);top:12.83pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">prices based on the liquidation preferences of the preferred stock. </span></div></div></div></td></tr><tr style="height:33.75pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:34.5pt;width:109.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">PWERM</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);top:34.5pt;width:385.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Under a PWERM, share value is based upon the probability-weighted present value of expected </span></div><div style="line-height:8.5pt;position:var(--position);top:12.83pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">future investment returns, considering each of the possible future outcomes available to the </span></div><div style="line-height:8.5pt;position:var(--position);top:23.03pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">enterprise, as well as the rights of each share class. </span></div></div></div></td></tr><tr style="height:44.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:109.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Hybrid</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);top:68.25pt;width:385.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">The hybrid method is a combination of the PWERM and OPM. Under the hybrid method, multiple </span></div><div style="line-height:8.5pt;position:var(--position);top:12.83pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">liquidity scenarios are weighted based on the probability of the scenario's occurrence, similar to the </span></div><div style="line-height:8.5pt;position:var(--position);top:23.03pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">PWERM, while also utilizing the OPM to estimate the allocation of value in one or more of the </span></div><div style="line-height:8.5pt;position:var(--position);top:33.23pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">scenarios. </span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:160.87pt;position:var(--position);text-decoration:none;white-space:pre">The Group measures fair value using the following fair value hierarchy that reflects the significance of the </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:517.76pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">inputs used in making the measurements:</span></div><div style="position:var(--position);top:535.56pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:109.5pt"></td><td style="padding:0;width:385.5pt"></td></tr><tr style="height:20.25pt"><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:109.5pt"><div><div style="line-height:7pt;position:var(--position);top:3.36pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Hierarchy Level</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);width:385.5pt"><div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Description</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:109.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);top:20.25pt;width:385.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Inputs that are quoted market prices (unadjusted) in active markets for identical instruments.</span></div></div></div></td></tr><tr style="height:23.25pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33pt;width:109.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);top:33pt;width:385.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Inputs other than quoted prices included within Level 1 that are observable either directly (i.e. as </span></div><div style="line-height:8.5pt;position:var(--position);top:12.83pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">prices) or indirectly (i.e. derived from prices). </span></div></div></div></td></tr><tr style="height:33.75pt"><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:56.25pt;width:109.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:109.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:109.5pt;position:var(--position);top:56.25pt;width:385.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Inputs that are unobservable. This category includes all instruments for which the valuation technique </span></div><div style="line-height:8.5pt;position:var(--position);top:12.83pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">includes inputs not based on observable data and the unobservable inputs have a significant effect </span></div><div style="line-height:8.5pt;position:var(--position);top:23.03pt;width:385.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">on the instruments' valuation. </span></div></div></div></td></tr></tbody></table></div></div></div> 169000 169000 39074000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The following table summarizes the changes in all the Group’s investments held at fair value categorized as Level 3 in the fair </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:301.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">value hierarchy:</span></div><div style="position:var(--position);top:311.66pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:485.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:314.25pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:38.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:314.25pt"><div><div style="line-height:7pt;position:var(--position);top:29.76pt;width:314.25pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Level 3 Investments held at fair value</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="height:38.25pt;left:314.25pt;overflow:hidden;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:12.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:11.55pt;position:var(--position);text-decoration:none;white-space:pre">Balance under </span></div><div style="line-height:7pt;position:var(--position);top:21.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:36.65pt;position:var(--position);text-decoration:none;white-space:pre">IFRS 9 </span></div><div style="line-height:7pt;position:var(--position);top:29.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:52.36pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="height:38.25pt;left:371.25pt;overflow:hidden;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:4.56pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:10.15pt;position:var(--position);text-decoration:none;white-space:pre">Equity method </span></div><div style="line-height:7pt;position:var(--position);top:12.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:14.04pt;position:var(--position);text-decoration:none;white-space:pre">loss recorded </span></div><div style="line-height:7pt;position:var(--position);top:21.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.56pt;position:var(--position);text-decoration:none;white-space:pre">against LTI </span></div><div style="line-height:7pt;position:var(--position);top:29.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:52.36pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="height:38.25pt;left:428.25pt;overflow:hidden;position:var(--position);width:57pt"><div><div style="line-height:7pt;position:var(--position);top:21.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:2.9pt;position:var(--position);text-decoration:none;white-space:pre">Carrying Amount </span></div><div style="line-height:7pt;position:var(--position);top:29.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:52.36pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #183964;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:314.25pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.76pt;width:314.25pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">January 1, 2024</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">24,872<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:38.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">24,872<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:314.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:314.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation of Seaport - new investment in Seaport preferred shares</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:51pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.38pt"></span></span><span style="left:25.009999999999998pt;position:var(--position)">179,248<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:51pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:51pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.38pt"></span></span><span style="left:25.009999999999998pt;position:var(--position)">179,248<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:314.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:314.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on changes in fair value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.59pt"></span></span><span style="left:27.22pt;position:var(--position)">(10,361)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:63.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.59pt"></span></span><span style="left:27.22pt;position:var(--position)">(10,361)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:76.5pt;width:314.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:314.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Equity method loss recorded against LTI </span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:76.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:76.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(5,307)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:76.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.01pt"></span></span><span style="left:31.64pt;position:var(--position)">(5,307)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:314.25pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.76pt;width:314.25pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:89.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">193,758<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:89.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(5,307)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:89.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">188,452<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102pt;width:314.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:314.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in Vedanta preferred shares</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:102pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">888<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:102pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:102pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:37.85pt"></span></span><span style="left:40.480000000000004pt;position:var(--position)">888<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:314.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:314.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Conversion of Vedanta note to preferred shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:114pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">2,836<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:114pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:114pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.22pt"></span></span><span style="left:33.85pt;position:var(--position)">2,836<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:314.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:314.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Gain/(loss) on changes in fair value</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">39,074<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:26.8pt"></span></span><span style="left:29.43pt;position:var(--position)">39,074<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:138pt;width:314.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:314.25pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Equity method loss recorded against LTI, net</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:138pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:138pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.59pt"></span></span><span style="left:27.22pt;position:var(--position)">(13,831)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:138pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.59pt"></span></span><span style="left:27.22pt;position:var(--position)">(13,831)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:150pt;width:314.25pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.76pt;width:314.25pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:314.25pt;position:var(--position);top:150pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">236,557<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:371.25pt;position:var(--position);top:150pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(19,138)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:428.25pt;position:var(--position);top:150pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">217,419<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 24872000 0 24872000 179248000 179248000 -10361000 -10361000 -5307000 -5307000 193758000 -5307000 188452000 888000 888000 2836000 2836000 39074000 39074000 -13831000 -13831000 236557000 -19138000 217419000 236003000 <span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:295.81pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">The significant unobservable inputs used at </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:461.32pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2025</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:534.26pt;position:var(--position);text-decoration:none;white-space:pre"> </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:532.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">in the fair value measurement of this investment and the sensitivity of the fair value measurement to changes in these significant </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:542.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">unobservable inputs are summarized in the table below. </span></div><div style="position:var(--position);top:560.26pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:255pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:255pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:10.26pt;width:255pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:17.959999999999997pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td colspan="3" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);width:240.75pt"><div><div style="line-height:7pt;position:var(--position);top:1.86pt;width:240.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:73.34pt;position:var(--position);text-decoration:none;white-space:pre">Investment Measured through </span></div><div style="line-height:7pt;position:var(--position);top:10.26pt;width:240.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:76.13pt;position:var(--position);text-decoration:none;white-space:pre">Market Backsolve &amp; PWERM</span></div></div></div></td></tr><tr style="height:23.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:18.75pt;width:255pt"><div><div style="line-height:7pt;position:var(--position);top:14.76pt;width:255pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Unobservable Inputs</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:18.75pt;width:80.25pt"><div><div style="line-height:7pt;position:var(--position);top:14.76pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:42.11pt;position:var(--position);text-decoration:none;white-space:pre">Input Value </span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:335.25pt;position:var(--position);top:18.75pt;width:80.25pt"><div><div style="line-height:7pt;position:var(--position);top:14.76pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:24.78pt;position:var(--position);text-decoration:none;white-space:pre">Sensitivity Range</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:415.5pt;position:var(--position);top:18.75pt;width:80.25pt"><div><div style="line-height:7pt;position:var(--position);top:6.36pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:16.46pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value Increase/</span></div><div style="line-height:7pt;position:var(--position);top:14.76pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:39pt;position:var(--position);text-decoration:none;white-space:pre">(Decrease) $</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:255pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:255pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Equity Value</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:42pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:48.89pt;position:var(--position);text-decoration:none;white-space:pre">689,748</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:335.25pt;position:var(--position);top:42pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:60.91pt;position:var(--position)"></span><span style="left:60.91pt;position:var(--position)">-10</span><span style="left:72.58pt;position:var(--position)">%</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:415.5pt;position:var(--position);top:42pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:48.14pt"></span></span><span style="left:50.77pt;position:var(--position)">(24,667)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:335.25pt;position:var(--position);top:53.25pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:58.08pt;position:var(--position);text-decoration:none;white-space:pre">+10%</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:415.5pt;position:var(--position);top:53.25pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:50.35pt"></span></span><span style="left:52.980000000000004pt;position:var(--position)">24,634<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:255pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:255pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Probability of entering into an initial public offering ("IPO")*</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:255pt;position:var(--position);top:64.5pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:61.53pt;position:var(--position)"></span><span style="left:61.53pt;position:var(--position)">50%<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:335.25pt;position:var(--position);top:64.5pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:60.91pt;position:var(--position)"></span><span style="left:60.91pt;position:var(--position)">-10</span><span style="left:72.58pt;position:var(--position)">%</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:415.5pt;position:var(--position);top:64.5pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:52.56pt"></span></span><span style="left:55.190000000000005pt;position:var(--position)">(5,270)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:335.25pt;position:var(--position);top:75.75pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:58.08pt;position:var(--position);text-decoration:none;white-space:pre">+10%</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:415.5pt;position:var(--position);top:75.75pt;width:80.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:80.25pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:54.77pt"></span></span><span style="left:57.400000000000006pt;position:var(--position)">5,270<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div>*Assumed the IPO event occurs on June 30, 2026. 689748000 -0.10 -24667000 0.10 24634000 0.50 -0.10 -5270000 0.10 5270000 11417000 17731000 26850000 5000000 -3628000 -3514000 0 15000000 11417000 11381000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The fair value of financial instruments by category as of</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:262.64pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:264.85pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2025 and 2024</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:374.21pt;position:var(--position);text-decoration:none;white-space:pre">:</span><div style="position:var(--position);top:337.06pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:153.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:53.25pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);width:341.25pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:341.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:162.34pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:9.75pt;width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:28.96pt;position:var(--position);text-decoration:none;white-space:pre">Carrying Amount</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:270.75pt;position:var(--position);top:9.75pt;width:224.25pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:224.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:95.81pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:2.86pt;position:var(--position);text-decoration:none;white-space:pre">Financial Assets</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:26.01pt;position:var(--position);text-decoration:none;white-space:pre">Financial </span></div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:23.65pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:270.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:31.06pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327.75pt;position:var(--position);top:19.5pt;width:53.25pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:27.31pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:46.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:31.06pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.8pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45.75pt;width:153.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153.75pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Financial assets</span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:5.525pt;font-style:normal;font-weight:bold;left:61.08pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">1</span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:64.35pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:153.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Money Markets</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:58.29pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">97,447<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:270.75pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">97,447<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:327.75pt;position:var(--position);top:57pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">97,447<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:153.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:153.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in notes from associates</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">11,417<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:270.75pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:327.75pt;position:var(--position);top:68.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">11,417<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">11,417<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:153.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153.75pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investments held at fair value</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:109.6pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">3</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">217,426<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:270.75pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.08pt"></span></span><span style="left:48.71pt;position:var(--position)">7<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327.75pt;position:var(--position);top:81pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">217,419<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">217,426<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:92.25pt;width:153.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total financial assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">326,290<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:270.75pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">97,454<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327.75pt;position:var(--position);top:92.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">228,836<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:92.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">326,290<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:103.5pt;width:153.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities:</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114.75pt;width:153.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary preferred shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:270.75pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:327.75pt;position:var(--position);top:114.75pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:114.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126pt;width:153.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share-based liability awards</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,044<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:270.75pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327.75pt;position:var(--position);top:126pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,044<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:126pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,044<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:137.25pt;width:153.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:153.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total financial liabilities</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:153.75pt;position:var(--position);top:137.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210.75pt;position:var(--position);top:137.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,213<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:270.75pt;position:var(--position);top:137.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327.75pt;position:var(--position);top:137.25pt;width:53.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:53.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.86pt"></span></span><span style="left:41.49pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:137.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,213<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:137.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,213<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:495.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">1.<span style="display:inline-block;height:4.53pt;width:6.66pt"></span></span><span style="left:68.03pt;position:var(--position)">Excluded from the table above are short-term investments of </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:231.15pt;position:var(--position);text-decoration:none;white-space:pre">$24,829</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:251.43pt;position:var(--position);text-decoration:none;white-space:pre"> and cash equivalent of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:314.26pt;position:var(--position);text-decoration:none;white-space:pre">$124,538</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:337.66pt;position:var(--position);text-decoration:none;white-space:pre"> that are classified at amortized cost as of December 31, 2025. The cost of these </span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:503.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">short-term investments and cash equivalent approximates current fair value.</span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:511.71pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">2.<span style="display:inline-block;height:4.53pt;width:6.66pt"></span></span><span style="left:68.03pt;position:var(--position)">Included within cash and cash equivalents.</span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:520.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">3.<span style="display:inline-block;height:4.53pt;width:6.66pt"></span></span><span style="left:68.03pt;position:var(--position)">The carrying amount of  </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:132.86pt;position:var(--position);text-decoration:none;white-space:pre">$217,419</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:156.26pt;position:var(--position);text-decoration:none;white-space:pre"> reflects the fair value </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:214.28pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:221.17pt;position:var(--position);text-decoration:none;white-space:pre">$236,557</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:244.57pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:246.13pt;position:var(--position);text-decoration:none;white-space:pre">as of December 31, 2025, net of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:331.93pt;position:var(--position);text-decoration:none;white-space:pre">$19,138</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:352.21pt;position:var(--position);text-decoration:none;white-space:pre"> in equity method loss allocated to the long-term interest.</span></div><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:150pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="7" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);width:345pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:345pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:164.72pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:9.75pt;width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.32pt;position:var(--position);text-decoration:none;white-space:pre">Carrying Amount</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td colspan="4" style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:9.75pt;width:228pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:228pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:98.59pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:5.14pt;position:var(--position);text-decoration:none;white-space:pre">Financial Assets</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:27.03pt;position:var(--position);text-decoration:none;white-space:pre">Financial </span></div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:25.38pt;position:var(--position);text-decoration:none;white-space:pre">Liabilities</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:32.21pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:32.21pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:32.21pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.58pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45.75pt;width:150pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:150pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Financial assets</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:58.29pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">1</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:61.16pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:150pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:150pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Money Markets</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:58.29pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">181,716<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">181,716<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:57pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">181,716<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:68.25pt;width:150pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:150pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in notes from associates</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">17,731<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">17,731<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:68.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">17,731<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:79.5pt;width:150pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:150pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investments held at fair value</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:109.6pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">3</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:79.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">191,426<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:79.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:79.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,974<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:79.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:79.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">188,452<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:79.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">191,426<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90.75pt;width:150pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:150pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total financial assets</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:90.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">390,873<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:90.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:90.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">184,690<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:90.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:90.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">206,183<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:90.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">390,873<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102pt;width:150pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:150pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Financial liabilities:</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:113.25pt;width:150pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:150pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary preferred shares</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:113.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:113.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:113.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:113.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:113.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:113.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:124.5pt;width:150pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:150pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share-based liability awards</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:124.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:124.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,736<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:124.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:124.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:124.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,736<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:124.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,736<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:135.75pt;width:150pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:150pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total financial liabilities</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:150pt;position:var(--position);top:135.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:207pt;position:var(--position);top:135.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,905<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:135.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:135.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:135.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,905<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:135.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,905<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:695.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">1.<span style="display:inline-block;height:4.53pt;width:6.66pt"></span></span><span style="left:68.03pt;position:var(--position)">Excluded from the table above are short-term investments of </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:231.15pt;position:var(--position);text-decoration:none;white-space:pre">$86,666</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:251.43pt;position:var(--position);text-decoration:none;white-space:pre"> and cash equivalent of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:314.26pt;position:var(--position);text-decoration:none;white-space:pre">$62,179</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:334.54pt;position:var(--position);text-decoration:none;white-space:pre"> that are classified at amortized cost as of December 31, 2024. The cost of these </span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:702.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">short-term investments and cash equivalent approximates current fair value.</span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:710.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">2.<span style="display:inline-block;height:4.53pt;width:6.66pt"></span></span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:68.03pt;position:var(--position);text-decoration:none;white-space:pre">Included within cash and cash equivalents.</span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:719.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:56.69pt;position:var(--position)">3.<span style="display:inline-block;height:4.53pt;width:6.66pt"></span></span><span style="left:68.03pt;position:var(--position)">The carrying amount of </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:131.3pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$188,452</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:154.7pt;position:var(--position);text-decoration:none;white-space:pre"> reflects the fair value o</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:216.28pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">f </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:219.60999999999999pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$193,758</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:243.01pt;position:var(--position);text-decoration:none;white-space:pre"> as of December 31, 2024, net of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:330.37pt;position:var(--position);text-decoration:none;white-space:pre">$5,307</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:347.53pt;position:var(--position);text-decoration:none;white-space:pre"> in equity method loss allocated to the long-term interest.</span></div> 97447000 97447000 0 0 97447000 11417000 0 0 11417000 11417000 217426000 7000 0 217419000 217426000 326290000 97454000 0 228836000 326290000 169000 0 0 169000 169000 3044000 0 0 3044000 3044000 3213000 0 0 3213000 3213000 24829000 124538000 217419000 236557000 -19138000 181716000 181716000 0 0 181716000 17731000 0 0 17731000 17731000 191426000 2974000 0 188452000 191426000 390873000 184690000 0 206183000 390873000 169000 0 0 169000 169000 3736000 0 0 3736000 3736000 3905000 0 0 3905000 3905000 86666000 62179000 188452000 193758000 -5307000 <div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">20.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary Notes Payable</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The subsidiary notes payable was comprised of loans as of </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:261.43pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2025 and 2024</span></span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:370.79pt;position:var(--position);text-decoration:none;white-space:pre"> with a balance of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:439.84pt;position:var(--position);text-decoration:none;white-space:pre">$4,916</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:464.15pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:483.19pt;position:var(--position);text-decoration:none;white-space:pre">$4,111</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:507.5pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">respectively.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:87.00999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> It also included convertible notes </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:216.19pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">of </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:225.95pt;position:var(--position);text-decoration:none;white-space:pre">$260</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:243.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> a</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:250.25pt;position:var(--position);text-decoration:none;white-space:pre">s of </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:265.84000000000003pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2023</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:338.78pt;position:var(--position);text-decoration:none;white-space:pre">. These instruments do not contain embedded </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">derivatives, and therefore, are held at amortized cost. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:145.46pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Loans</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:155.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">In October 2010, Follica entered into a loan and security agreement with Lighthouse Capital Partners VI, L.P. The loan is secured by </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:165.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Follica’s assets, including Follica’s intellectual property and bears interest at a rate of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:359.73pt;position:var(--position);text-decoration:none;white-space:pre">5.0%</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:378.61pt;position:var(--position);text-decoration:none;white-space:pre"> in the interest only period and </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:496.48pt;position:var(--position);text-decoration:none;white-space:pre">12.0%</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:520.0799999999999pt;position:var(--position);text-decoration:none;white-space:pre"> in </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:175.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the repayment period.</span></div><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Convertible Notes</span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:203.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The activities of the convertible notes were as follows:</span></div><div style="position:var(--position);top:221.46pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:498pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:327pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:33.76pt;position:var(--position);text-decoration:none;white-space:pre">Knode</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:21.09pt;position:var(--position);text-decoration:none;white-space:pre">Appeering</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:441pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.58pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td colspan="4" style="display:none"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:327pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:327pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">January 1, 2023</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">99<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">149<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:441pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">248<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:327pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:327pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Accrued interest on convertible notes - finance costs</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:327pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.69pt"></span></span><span style="left:49.32pt;position:var(--position)">5<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.69pt"></span></span><span style="left:49.32pt;position:var(--position)">8<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:441pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.27pt"></span></span><span style="left:44.900000000000006pt;position:var(--position)">13<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:327pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:327pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2023</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">104<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">156<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:441pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">260<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:327pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:327pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Accrued interest on convertible notes - finance costs</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:327pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.69pt"></span></span><span style="left:49.32pt;position:var(--position)">5<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.69pt"></span></span><span style="left:49.32pt;position:var(--position)">7<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:441pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.27pt"></span></span><span style="left:44.900000000000006pt;position:var(--position)">12<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:327pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:327pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Forgiveness of debt – entity dissolution – finance income</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(109)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(164)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:441pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(273)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:327pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:327pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:441pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:318.71pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">In November 2024, the Group dissolved Knode and Appeering as they were no longer operational entities. As a result, the principal </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:328.71pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">and interest on these notes outstanding were written off in full as of the dissolution date.</span></div> 4916000 4111000 260000 0.050 0.120 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The activities of the convertible notes were as follows:</span><div style="position:var(--position);top:221.46pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:498pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:327pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:33.76pt;position:var(--position);text-decoration:none;white-space:pre">Knode</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:21.09pt;position:var(--position);text-decoration:none;white-space:pre">Appeering</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:441pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.58pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td colspan="4" style="display:none"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:327pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:327pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">January 1, 2023</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">99<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">149<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:441pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">248<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:327pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:327pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Accrued interest on convertible notes - finance costs</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:327pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.69pt"></span></span><span style="left:49.32pt;position:var(--position)">5<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.69pt"></span></span><span style="left:49.32pt;position:var(--position)">8<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:441pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.27pt"></span></span><span style="left:44.900000000000006pt;position:var(--position)">13<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:327pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:327pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2023</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">104<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">156<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:441pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">260<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:327pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:327pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Accrued interest on convertible notes - finance costs</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:327pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.69pt"></span></span><span style="left:49.32pt;position:var(--position)">5<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.69pt"></span></span><span style="left:49.32pt;position:var(--position)">7<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:441pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.27pt"></span></span><span style="left:44.900000000000006pt;position:var(--position)">12<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:327pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:327pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Forgiveness of debt – entity dissolution – finance income</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(109)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(164)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:441pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.64pt"></span></span><span style="left:38.27pt;position:var(--position)">(273)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:327pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:327pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of </span><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:54.769999999999996pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:327pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:384pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:441pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 99000 149000 248000 5000 8000 13000 104000 156000 260000 5000 7000 12000 -109000 -164000 -273000 0 0 0 <div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">21.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-Controlling Interest</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:370.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:61.099999999999994pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025 and 2024</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:170.46pt;position:var(--position);text-decoration:none;white-space:pre">,</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:172.82pt;position:var(--position);text-decoration:none;white-space:pre"> non-controlling interests included Entrega and Follica. Ownership interests of the non-</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:380.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">controlling interests in these entities as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:198.13pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:271.07pt;position:var(--position);text-decoration:none;white-space:pre"> were </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:293.74pt;position:var(--position);text-decoration:none;white-space:pre">11.7%</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:316.13pt;position:var(--position);text-decoration:none;white-space:pre">, and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:337.08pt;position:var(--position);text-decoration:none;white-space:pre">19.9%</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:359.46999999999997pt;position:var(--position);text-decoration:none;white-space:pre">, respectively. There was no change from </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:390.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:112.63pt;position:var(--position);text-decoration:none;white-space:pre">, in the ownership interests of the non-controlling interests in these two entities.  Non-controlling interests </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:400.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">include the amounts recorded for subsidiary stock awards. See Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:298.38pt;position:var(--position);text-decoration:none;white-space:pre">10 Share-based Payments</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:395.34pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:418.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:113.82pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:186.76pt;position:var(--position);text-decoration:none;white-space:pre">, Seaport issued </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:249.25pt;position:var(--position);text-decoration:none;white-space:pre">950,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:277.98pt;position:var(--position);text-decoration:none;white-space:pre"> shares of fully vested common stock to the Group and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:485.87pt;position:var(--position);text-decoration:none;white-space:pre">3,450,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:521.23pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:428.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">shares of common stock to certain officers and directors, of which </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:288.13pt;position:var(--position);text-decoration:none;white-space:pre">2,455,555</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:323.49pt;position:var(--position);text-decoration:none;white-space:pre"> shares were fully vested before Seaport's </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:438.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">deconsolidation from the Group's Consolidated Financial Statements on October 18, 2024. Ownership interest of non-controlling </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:448.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">interests was </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:90.05pt;position:var(--position);text-decoration:none;white-space:pre">61.3%</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:112.44pt;position:var(--position);text-decoration:none;white-space:pre"> immediately before Seaport's deconsolidation. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:465.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">During the year ended December 31, 2023, Vedanta Biosciences, Inc was deconsolidated.  See Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:419.04pt;position:var(--position);text-decoration:none;white-space:pre">8. Gain/(loss) on </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:475.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation of Subsidiary</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:152.17000000000002pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The following table summarizes the changes in the non-controlling ownership interest in subsidiaries: </span><div style="position:var(--position);top:125.46pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:423.75pt"></td><td style="padding:0;width:72pt"></td></tr><tr style="height:27.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);width:72pt"><div><div style="line-height:7pt;position:var(--position);top:2.46pt;width:72pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:18.61pt;position:var(--position);text-decoration:none;white-space:pre">Non-Controlling </span></div><div style="line-height:7pt;position:var(--position);top:10.86pt;width:72pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:45.92pt;position:var(--position);text-decoration:none;white-space:pre">Interest</span></div><div style="line-height:7pt;position:var(--position);top:19.26pt;width:72pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:65.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of January 1, 2023</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:27.75pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:43.48pt"></span></span><span style="left:46.11pt;position:var(--position)">5,369<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:39pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Share of comprehensive income/(loss)</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:39pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:50.64pt"></span></span><span style="left:53.27pt;position:var(--position)">(931)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:50.25pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Equity settled share-based payments</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:50.25pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:52.85pt"></span></span><span style="left:55.480000000000004pt;position:var(--position)">277<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:61.5pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expiration of share options in subsidiary</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:61.5pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:44.01pt"></span></span><span style="left:46.64pt;position:var(--position)">(1,458)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation of subsidiary (Vedanta)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:72.75pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:44.01pt"></span></span><span style="left:46.64pt;position:var(--position)">(9,085)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:84pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:84pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:59.48pt"></span></span><span style="left:62.11pt;position:var(--position)">(6)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:95.25pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2023</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:95.25pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:40.97pt"></span></span><span style="left:43.6pt;position:var(--position)">(5,835)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:106.5pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Share of comprehensive income/(loss)</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:106.5pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:39.59pt"></span></span><span style="left:42.220000000000006pt;position:var(--position)">(25,728)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Equity settled share-based payments</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:117.75pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.8pt"></span></span><span style="left:44.43pt;position:var(--position)">17,372<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:129.75pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation of subsidiary (Seaport)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:129.75pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.22pt"></span></span><span style="left:48.85pt;position:var(--position)">7,430<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141.75pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:141.75pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:55.06pt"></span></span><span style="left:57.690000000000005pt;position:var(--position)">(13)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:153pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:153pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:40.97pt"></span></span><span style="left:43.6pt;position:var(--position)">(6,774)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:164.25pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Share of comprehensive income/(loss)</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:164.25pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:50.64pt"></span></span><span style="left:53.27pt;position:var(--position)">(345)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:175.5pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Equity settled share-based payments - See Note 10. Share-based Payments</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:175.5pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:52.85pt"></span></span><span style="left:55.480000000000004pt;position:var(--position)">758<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:186.75pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expiration of share options in subsidiary</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:186.75pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:55.06pt"></span></span><span style="left:57.690000000000005pt;position:var(--position)">(36)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:198pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2025</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:198pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:40.97pt"></span></span><span style="left:43.6pt;position:var(--position)">(6,397)</span></span></div></div></div></td></tr></tbody></table></div></div></div> 0.117 0.199 950000 3450000 2455555 0.613 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The following table summarizes the changes in the non-controlling ownership interest in subsidiaries: </span><div style="position:var(--position);top:125.46pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:423.75pt"></td><td style="padding:0;width:72pt"></td></tr><tr style="height:27.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);width:72pt"><div><div style="line-height:7pt;position:var(--position);top:2.46pt;width:72pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:18.61pt;position:var(--position);text-decoration:none;white-space:pre">Non-Controlling </span></div><div style="line-height:7pt;position:var(--position);top:10.86pt;width:72pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:45.92pt;position:var(--position);text-decoration:none;white-space:pre">Interest</span></div><div style="line-height:7pt;position:var(--position);top:19.26pt;width:72pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:65.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of January 1, 2023</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:27.75pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:43.48pt"></span></span><span style="left:46.11pt;position:var(--position)">5,369<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:39pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Share of comprehensive income/(loss)</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:39pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:50.64pt"></span></span><span style="left:53.27pt;position:var(--position)">(931)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:50.25pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Equity settled share-based payments</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:50.25pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:52.85pt"></span></span><span style="left:55.480000000000004pt;position:var(--position)">277<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:61.5pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expiration of share options in subsidiary</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:61.5pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:44.01pt"></span></span><span style="left:46.64pt;position:var(--position)">(1,458)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation of subsidiary (Vedanta)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:72.75pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:44.01pt"></span></span><span style="left:46.64pt;position:var(--position)">(9,085)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:84pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:84pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:59.48pt"></span></span><span style="left:62.11pt;position:var(--position)">(6)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:95.25pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2023</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:95.25pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:40.97pt"></span></span><span style="left:43.6pt;position:var(--position)">(5,835)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:106.5pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Share of comprehensive income/(loss)</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:106.5pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:39.59pt"></span></span><span style="left:42.220000000000006pt;position:var(--position)">(25,728)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Equity settled share-based payments</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:117.75pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.8pt"></span></span><span style="left:44.43pt;position:var(--position)">17,372<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:129.75pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation of subsidiary (Seaport)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:129.75pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.01pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:46.22pt"></span></span><span style="left:48.85pt;position:var(--position)">7,430<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:141.75pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:141.75pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:55.06pt"></span></span><span style="left:57.690000000000005pt;position:var(--position)">(13)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:153pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2024</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:153pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:40.97pt"></span></span><span style="left:43.6pt;position:var(--position)">(6,774)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:164.25pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Share of comprehensive income/(loss)</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:164.25pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:50.64pt"></span></span><span style="left:53.27pt;position:var(--position)">(345)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:175.5pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Equity settled share-based payments - See Note 10. Share-based Payments</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:175.5pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:52.85pt"></span></span><span style="left:55.480000000000004pt;position:var(--position)">758<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:186.75pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expiration of share options in subsidiary</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:186.75pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:55.06pt"></span></span><span style="left:57.690000000000005pt;position:var(--position)">(36)<span style="display:inline-block;height:6.42pt;width:0.3pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:198pt;width:423.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:423.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31, 2025</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:198pt;width:72pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:72pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:40.97pt"></span></span><span style="left:43.6pt;position:var(--position)">(6,397)</span></span></div></div></div></td></tr></tbody></table></div></div></div> 5369000 -931000 277000 1458000 -9085000 -6000 -5835000 -25728000 17372000 7430000 -13000 -6774000 -345000 758000 36000 -6397000 <div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">22.</span><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:12.65pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade and Other Payables</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:371.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Information regarding Trade and other payables was as follows: </span></div><div style="position:var(--position);top:381.26pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:381pt"><div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31,</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td colspan="3" style="display:none"></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Trade payables</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,070<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">5,522<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Accrued expenses</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">18,273<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">18,705<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Liability for share-based awards, short-term</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,827<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,875<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">15<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">917<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total trade and other payables</span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">23,185<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">27,020<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Information regarding Trade and other payables was as follows: </span><div style="position:var(--position);top:381.26pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:381pt"><div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31,</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td colspan="3" style="display:none"></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Trade payables</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,070<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">5,522<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Accrued expenses</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">18,273<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">18,705<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Liability for share-based awards, short-term</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,827<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,875<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">15<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">917<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total trade and other payables</span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">23,185<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">27,020<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 3070000 5522000 18273000 18705000 1827000 1875000 15000 917000 23185000 27020000 <div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">23.</span><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:12.65pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Leases and subleases</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:493.56pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The activity related to the Group’s right of use asset and lease liability for the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:347.8pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:394.06pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:396.27pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2025 and 2024</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:505.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:507.99pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">is</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:513.65pt;position:var(--position);text-decoration:none;white-space:pre"> as follows:</span></div><div style="position:var(--position);top:503.56pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.55pt;position:var(--position);text-decoration:none;white-space:pre">Right of use asset, net</span></div></div></div></td></tr><tr style="height:9.75pt"><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td colspan="3" style="display:none"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of January 1,</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">8,061<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">9,825<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(1,764)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(1,764)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31,</span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">6,297<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">8,061<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">23.</span><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:12.65pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Leases and subleases continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:107.66pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.13pt;position:var(--position);text-decoration:none;white-space:pre">Total lease liability</span></div></div></div></td></tr><tr style="height:9.75pt"><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td colspan="3" style="display:none"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of January 1,</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">18,250<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">21,644<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Cash paid for rent - principal - financing cash flow</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(3,579)</span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(3,394)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Cash paid for rent - interest - operating cash flow</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(1,065)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(1,295)</span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Interest expense</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,065<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,295<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31,</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:77.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">14,671<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:77.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">18,250<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:206.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation of the right-of-use assets, which virtually all consist of leased real estate, is included in the general and administrative </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:216.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">expenses and research and development expenses line items in the Consolidated Statement of Comprehensive Income/(Loss). </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:226.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group recorded depreciation expense of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:213.38pt;position:var(--position);text-decoration:none;white-space:pre">$1,764</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:237.69pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:242.10999999999999pt;position:var(--position);text-decoration:none;white-space:pre">$1,764</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:266.41999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:285.15999999999997pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$1,979</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:309.46999999999997pt;position:var(--position);text-decoration:none;white-space:pre"> for the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:338.75pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:385.01pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:387.21999999999997pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:460.16pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:464.58pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:482.26pt;position:var(--position);text-decoration:none;white-space:pre"> and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:236.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:57.37pt;position:var(--position);text-decoration:none;white-space:pre">, respectively.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:254.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The following table details the short-term and long-term portion of the lease liability as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:378.46999999999997pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025 and 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:487.83pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:272.01pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:2.69pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.13pt;position:var(--position);text-decoration:none;white-space:pre">Total lease liability</span></div></div></div></td></tr><tr style="height:9.75pt"><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td colspan="3" style="display:none"></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Short-term portion of lease liability</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,584<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,579<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Long-term portion of lease liability</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">11,087<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">14,671<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total lease liability</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">14,671<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">18,250<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The following table details the future maturities of the lease liability, showing the undiscounted lease payments to be paid after </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:520.0699999999999pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">the </span></span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:356.76pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">reporting date:</span></span></div><div style="position:var(--position);top:374.56pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:438pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td rowspan="2" style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td colspan="2" style="display:none"></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Less than one year</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.87pt"></span></span><span style="left:32.5pt;position:var(--position)">4,419<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">One to two years</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.87pt"></span></span><span style="left:32.5pt;position:var(--position)">4,551<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Two to three years</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.87pt"></span></span><span style="left:32.5pt;position:var(--position)">4,687<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Three to four years</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.87pt"></span></span><span style="left:32.5pt;position:var(--position)">2,796<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Four to five years</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">More than five years</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total undiscounted lease maturities</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">16,452<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Interest</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:98.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.87pt"></span></span><span style="left:32.5pt;position:var(--position)">1,781<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:109.5pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total lease liability</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:109.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">14,671<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:505.56pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">During the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:82.16999999999999pt;position:var(--position);text-decoration:none;white-space:pre">year ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:124.81pt;position:var(--position);text-decoration:none;white-space:pre"> December 31, 2019, the Group entered into a lease agreement for certain premises consisting of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:492.66pt;position:var(--position);text-decoration:none;white-space:pre">50,858</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:516.97pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:515.56pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">rentable square feet of space located at 6 Tide Street, Boston, Massachusetts. The lease commenced on April 26, 2019 for an initial </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:525.56pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">term consisting of </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:109.39pt;position:var(--position);text-decoration:none;white-space:pre">ten years</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:143.67000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:162.41pt;position:var(--position);text-decoration:none;white-space:pre">three months</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:212.73pt;position:var(--position);text-decoration:none;white-space:pre">, and there is an option to extend the lease for </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:389.33pt;position:var(--position);text-decoration:none;white-space:pre">two</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:403.32pt;position:var(--position);text-decoration:none;white-space:pre"> consecutive periods of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:492.84pt;position:var(--position);text-decoration:none;white-space:pre">five years</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:527.76pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:535.56pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">each. The Group assessed at the lease commencement date whether it was reasonably certain to exercise the extension options, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:545.56pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">and deemed such options were not reasonably certain to be exercised. The Group will reassess whether it is reasonably certain to </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:555.56pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">exercise the options only if there is a significant event or significant change in circumstances within its control. </span></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">On June 26, 2019, the Group executed a sublease agreement with Gelesis. The lease is for </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:381.6pt;position:var(--position);text-decoration:none;white-space:pre">9,446</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:401.49pt;position:var(--position);text-decoration:none;white-space:pre"> rentable square feet located on the </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:583.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">sixth floor of the Group’s former office at 501 Boylston Street, Boston, Massachusetts. The sublease expired on August 31, 2025, and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:593.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">was determined to be a finance lease. Gelesis ceased operations and filed for bankruptcy on October 30, 2023.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:456.78pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:458.99pt;position:var(--position);text-decoration:none;white-space:pre">As a result, the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:603.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Group wrote off its receivable in the lease of </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:208.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$1,266</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:233pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:235.21pt;position:var(--position);text-decoration:none;white-space:pre">in </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:244.18pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:263.06pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:621.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">On January 23, 2023, the Group executed a sublease agreement with Allonnia, LLC (“Allonnia”). The sublease was initially for </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:631.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">approximately </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:95.85pt;position:var(--position);text-decoration:none;white-space:pre">11,000</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:120.16pt;position:var(--position);text-decoration:none;white-space:pre"> rentable square feet located on the third floor of the 6 Tide Street building where the Group’s offices are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:641.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">currently located. Allonnia obtained possession of the premises on February 17, 2023 with a rent commencement date of May 17, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:651.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">2023. The annual lease fee was </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:157.64pt;position:var(--position);text-decoration:none;white-space:pre">$1,111</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:181.95pt;position:var(--position);text-decoration:none;white-space:pre"> per year. The lease term was for </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:306.3pt;position:var(--position);text-decoration:none;white-space:pre">two</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:320.15pt;position:var(--position);text-decoration:none;white-space:pre"> years</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:341.87pt;position:var(--position);text-decoration:none;white-space:pre"> from the rent commencement date, and Allonnia </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:661.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">had the option to extend the sublease. In February 2024, Allonnia extended the lease term through May 31, 2026. The annual lease </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:671.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">fee increased to</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:100.25999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:102.47pt;position:var(--position);text-decoration:none;white-space:pre">$1,279</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:126.78pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> per </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:143.94pt;position:var(--position);text-decoration:none;white-space:pre">year.  In May 2025, Allonnia extended the lease term through June 26, 2027. The average annual lease </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:681.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">fee increased to </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:102.47pt;position:var(--position);text-decoration:none;white-space:pre">$1,384</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:126.78pt;position:var(--position);text-decoration:none;white-space:pre"> per year. The sublease was determined to be an operating lease, and as such, the total lease payments </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:691.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">under the sublease agreement are recognized over the lease term on a straight-line basis.</span></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Rental income recognized by the Group during the year ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:278.71000000000004pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:351.65pt;position:var(--position);text-decoration:none;white-space:pre">,  </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:358.28pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:375.96pt;position:var(--position);text-decoration:none;white-space:pre">, and 2023</span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:414.59pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> was </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:433.02pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$1,238</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:457.33pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">,  </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:463.96pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$1,053</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:488.27pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">, and </span></span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:718.96pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">$781</span></span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:57.37pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:59.73pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">r</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:62.56pt;position:var(--position);text-decoration:none;white-space:pre">espectively, which was included in the other income/(expense) line item in the Consolidated Statement of Comprehensive </span></div>Income/(Loss). <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The activity related to the Group’s right of use asset and lease liability for the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:347.8pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:394.06pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:396.27pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">December 31, 2025 and 2024</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:505.63pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:507.99pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">is</span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:513.65pt;position:var(--position);text-decoration:none;white-space:pre"> as follows:</span><div style="position:var(--position);top:503.56pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:22.55pt;position:var(--position);text-decoration:none;white-space:pre">Right of use asset, net</span></div></div></div></td></tr><tr style="height:9.75pt"><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td colspan="3" style="display:none"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of January 1,</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">8,061<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">9,825<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(1,764)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(1,764)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31,</span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">6,297<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">8,061<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 8061000 9825000 9825000 1764000 1764000 6297000 8061000 <div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:2.76pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.13pt;position:var(--position);text-decoration:none;white-space:pre">Total lease liability</span></div></div></div></td></tr><tr style="height:9.75pt"><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td colspan="3" style="display:none"></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of January 1,</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">18,250<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">21,644<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Cash paid for rent - principal - financing cash flow</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(3,579)</span></span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(3,394)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Cash paid for rent - interest - operating cash flow</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(1,065)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(1,295)</span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Interest expense</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,065<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,295<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:77.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31,</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:77.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">14,671<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:77.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">18,250<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div> 18250000 21644000 3579000 3394000 1065000 1295000 1065000 1295000 14671000 18250000 1764000 1764000 1979000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The following table details the short-term and long-term portion of the lease liability as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:378.46999999999997pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025 and 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:487.83pt;position:var(--position);text-decoration:none;white-space:pre">:</span><div style="position:var(--position);top:272.01pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:2.69pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:28.13pt;position:var(--position);text-decoration:none;white-space:pre">Total lease liability</span></div></div></div></td></tr><tr style="height:9.75pt"><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:11.25pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td colspan="3" style="display:none"></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Short-term portion of lease liability</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,584<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,579<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Long-term portion of lease liability</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">11,087<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">14,671<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total lease liability</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">14,671<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">18,250<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 3584000 3579000 11087000 14671000 14671000 18250000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The following table details the future maturities of the lease liability, showing the undiscounted lease payments to be paid after </span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:520.0699999999999pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">the </span></span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:356.76pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">reporting date:</span></span></div><div style="position:var(--position);top:374.56pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:438pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td rowspan="2" style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td colspan="2" style="display:none"></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Less than one year</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.87pt"></span></span><span style="left:32.5pt;position:var(--position)">4,419<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">One to two years</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.87pt"></span></span><span style="left:32.5pt;position:var(--position)">4,551<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Two to three years</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.87pt"></span></span><span style="left:32.5pt;position:var(--position)">4,687<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Three to four years</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.87pt"></span></span><span style="left:32.5pt;position:var(--position)">2,796<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Four to five years</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">More than five years</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total undiscounted lease maturities</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">16,452<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Interest</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:98.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.87pt"></span></span><span style="left:32.5pt;position:var(--position)">1,781<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:109.5pt;width:438pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:438pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total lease liability</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:109.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">14,671<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 4419000 4551000 4687000 2796000 0 0 16452000 1781000 14671000 50858 P10Y P3M 2 P5Y 9446 1266000 11000 1111000 P2Y 1279000 1384000 1238000 1053000 781000 <div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">24.</span><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:12.65pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Capital and Financial Risk Management</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Capital Risk Management</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group's capital and financial risk management policy is to maintain a strong capital base to support its strategic priorities, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">maintain investor, creditor and market confidence as well as sustain the future development of the business. The Group’s objectives </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">when managing capital are to safeguard its ability to continue as a going concern, to provide returns for shareholders and benefits </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">for other stakeholders, and to maintain an optimal capital structure to reduce the cost of capital. To maintain or adjust the capital </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:157.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">structure, the Group may issue new shares or incur new debt. The Group has no material externally imposed capital requirements. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:167.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group’s share capital is set out in Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:221.79pt;position:var(--position);text-decoration:none;white-space:pre">16. Equity</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:258.8pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Management continuously monitors the level of capital deployed and available for deployment in the Wholly-Owned programs  </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">segment and at Founded Entities. The Directors seek to maintain a balance between the higher returns that might be possible with </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:205.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">higher levels of deployed capital and the advantages and security afforded by a sound capital position.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:223.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group’s Directors have overall responsibility for the establishment and oversight of the Group's capital and risk management </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:233.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">framework. The Group is exposed to certain risks through its normal course of operations. The Group’s main objective in using </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:243.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">financial instruments is to promote the development and commercialization of intellectual property through the raising and investing </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:253.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">of funds for this purpose. The nature, amount and timing of investments are determined by planned future investment activity. Due </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:263.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">to the nature of activities and with the aim to maintain the investors’ funds as secure and protected, the Group’s policy is to hold any </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:273.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">excess funds in highly liquid and readily available financial instruments and maintain minimal exposure to other financial risks.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:291.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group has exposure to the following risks arising from financial instruments:</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:309.06pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Credit Risk</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:319.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Credit risk is the risk of financial loss to the Group if a customer or counterparty to a financial instrument fails to meet its contractual </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:329.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">obligations. Financial instruments that potentially subject the Group to concentrations of credit risk consist principally of cash and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:339.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">cash equivalents, short-term investments, and trade and other receivables. </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:338.52pt;position:var(--position);text-decoration:none;white-space:pre">The Group held the following balances:  </span></div><div style="position:var(--position);top:349.26pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:381pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31,</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">252,470<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">280,641<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Short-term investments</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">24,829<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">86,666<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other receivables</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,758<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,522<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">279,057<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">368,828<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:426.56pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group invests its excess cash in U.S. Treasury Bills (presented as short-term investments), and money market accounts, which the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:436.56pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Group believes are of high credit quality. Further, the Group's cash and cash equivalents and short-term investments are held at </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:446.56pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">diverse, investment-grade financial institutions.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:464.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group assesses the credit quality of customers on an ongoing basis. The credit quality of financial assets is assessed by </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:474.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">historical and recent payment history, counterparty financial position, and reference to credit ratings (if available) or to historical </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:484.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">information about counterparty default rates. The Group does not have expected credit losses due to the high credit quality or </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:494.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">healthy financial conditions of these counterparties. As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:273.97pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:346.91pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:365.65pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:383.33pt;position:var(--position);text-decoration:none;white-space:pre">, none of the trade and other receivables </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:504.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">were impaired.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:522.16pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Liquidity Risk</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:532.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Liquidity risk is the risk that the Group will encounter difficulty in meeting the obligations associated with its financial liabilities that </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:542.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">are settled by delivering cash or another financial asset. The Group actively manages its liquidity risk by closely monitoring the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:552.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">maturity of its financial assets and liabilities and projected cash flows from operations, under both normal and stressed conditions, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:562.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">without incurring unacceptable losses or risking damage to the Group’s reputation. Due to the nature of these financial liabilities, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:572.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">the funds are available on demand to provide optimal financial flexibility.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:590.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The table below summarizes the maturity profile of the Group’s financial liabilities, including subsidiary preferred shares that have </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:600.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">customary liquidation preferences, as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:209.15pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:282.09000000000003pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:300.83pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:318.51pt;position:var(--position);text-decoration:none;white-space:pre">, based on contractual undiscounted payments:</span></div><div style="position:var(--position);top:617.96pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:210pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:210pt"><div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:210pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31,</span></div></div></div></td><td colspan="5" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);width:285pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:285pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:134.22pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:26.52pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:28.22pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:12.3pt;position:var(--position);text-decoration:none;white-space:pre">Within Three </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:29.78pt;position:var(--position);text-decoration:none;white-space:pre">Months</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:26.55pt;position:var(--position);text-decoration:none;white-space:pre">Three to </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:4.66pt;position:var(--position);text-decoration:none;white-space:pre">Twelve Months</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:15.92pt;position:var(--position);text-decoration:none;white-space:pre">One to Five </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:36.38pt;position:var(--position);text-decoration:none;white-space:pre">Years</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.8pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:40.78pt;position:var(--position);text-decoration:none;white-space:pre">$ (*)</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:210pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary notes payable (Note 20)</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,916<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,916<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,916<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:210pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other payables (Note 22)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">23,185<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">23,185<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">23,185<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:210pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax liability (Note 27)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,208<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,208<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,208<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69.75pt;width:210pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary preferred shares (Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:128.48000000000002pt;position:var(--position);text-decoration:none;white-space:pre">17</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:137.32000000000002pt;position:var(--position);text-decoration:none;white-space:pre">)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:139.53pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">1</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:210pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">29,477<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">28,269<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,208<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">29,477<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">24.</span><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:12.65pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Capital and Financial Risk Management continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:107.66pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:210pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:210pt"><div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:210pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31,</span></div></div></div></td><td colspan="5" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);width:285pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:285pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:134.72pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:27.97pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:29.36pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:14.37pt;position:var(--position);text-decoration:none;white-space:pre">Within Three </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.91pt;position:var(--position);text-decoration:none;white-space:pre">Months</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:4.13pt;position:var(--position);text-decoration:none;white-space:pre">Three to Twelve </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.91pt;position:var(--position);text-decoration:none;white-space:pre">Months</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:17.58pt;position:var(--position);text-decoration:none;white-space:pre">One to Five </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:37.54pt;position:var(--position);text-decoration:none;white-space:pre">Years</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.58pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:41.8pt;position:var(--position);text-decoration:none;white-space:pre">$ (*)</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:210pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary notes payable (Note 20)</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,111<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,111<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,111<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:210pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other payables (Note 22)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">27,020<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">27,020<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">27,020<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:210pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax liability (Note 27)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">75<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">75<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">75<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69.75pt;width:210pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary preferred shares (Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:128.48000000000002pt;position:var(--position);text-decoration:none;white-space:pre">17</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:137.32000000000002pt;position:var(--position);text-decoration:none;white-space:pre">)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:139.53pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">1</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:210pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">31,375<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">31,375<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">31,375<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:205.91pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:39.68pt;position:var(--position)">1<span style="display:inline-block;height:4.53pt;width:11.06pt"></span></span><span style="left:53.86pt;position:var(--position)">Redeemable only upon a liquidation or deemed liquidation event, as defined in the applicable shareholder documents.</span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:214.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:39.69pt;position:var(--position)">*<span style="display:inline-block;height:4.53pt;width:11.51pt"></span></span><span style="left:53.86pt;position:var(--position)">Does not include payments in respect of lease obligations nor payments on sale of future royalties liability. For the contractual future payments related to lease obligation</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:503.88pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">s, see Note </span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:221.81pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:53.86pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">23. Leases and subleases</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:120.16pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">. For contractual future payments related to sale of future royalties, see Note </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:324.47pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">18. Sale of Future Royalties Liability</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:417.94pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">.</span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:239.21pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">I</span><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:42.05pt;position:var(--position);text-decoration:none;white-space:pre">nterest Rate Sensitivity </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:249.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:61.099999999999994pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.04pt;position:var(--position);text-decoration:none;white-space:pre">, the Group had cash and cash equivalents of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:305.59pt;position:var(--position);text-decoration:none;white-space:pre">$252,470</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:338.74pt;position:var(--position);text-decoration:none;white-space:pre">, and short-term investments of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:458.35pt;position:var(--position);text-decoration:none;white-space:pre">$24,829</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:487.08pt;position:var(--position);text-decoration:none;white-space:pre">. The Group's </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:259.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">exposure to interest rate sensitivity is impacted by changes in the underlying U.K. and U.S. bank interest rates. The Group has not </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:269.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">entered into investments for trading or speculative purposes. Due to the conservative nature of the Group's investment portfolio, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:279.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">which is predicated on capital preservation and investments in short duration, high-quality U.S. Treasury Bills and related money </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:289.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">market accounts, a change in interest rates would not have a material effect on the fair market value of the Group's portfolio, and </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:299.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">therefore, the Group does not expect operating results or cash flows to be significantly affected by changes in market interest rates.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:317.21pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Controlled Founded Entity Investments</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:327.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group maintains investments in certain Controlled Founded Entities. The Group’s investments in Controlled Founded Entities </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:337.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">are eliminated as intercompany transactions upon financial consolidation. The Group is, however, exposed to a subsidiary preferred </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:347.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">share liability owing to the terms of existing preferred shares and the ownership of Controlled Founded Entities preferred shares by </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:357.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">third parties. As discussed in Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:170.60999999999999pt;position:var(--position);text-decoration:none;white-space:pre">17. Subsidiary Preferred Shares</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:287.22pt;position:var(--position);text-decoration:none;white-space:pre">, certain of the Group’s subsidiaries have issued preferred shares </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:367.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">that include the right to receive a payment in the event of any voluntary or involuntary liquidation, dissolution or winding up of a </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:377.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">subsidiary, including in the event of "deemed liquidation" as defined in the incorporation documents of the entities, which shall be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:387.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">paid out of the assets of the subsidiary available for distribution to shareholders, and before any payment shall be made to holders </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:397.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">of ordinary shares. The liability of preferred shares is maintained at fair value through profit and loss and was insignificant as of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:407.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:112.63pt;position:var(--position);text-decoration:none;white-space:pre">. The Group’s cash position supports the business activities of the Controlled Founded Entities. Accordingly, the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:417.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Group views exposure to the third party subsidiary preferred share liability as low.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:435.21pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidated Founded Entity Investments</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:445.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group maintains certain debt or equity holdings in Founded Entities that are deconsolidated. These holdings are deemed </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:455.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">either as investments carried at fair value under IFRS 9 with changes in fair value recorded through profit and loss or as associates </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:465.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">accounted for under IAS 28 using the equity method. The Group's exposure to investments held at fair value and investments in </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:475.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">notes from associates was </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:139.48000000000002pt;position:var(--position);text-decoration:none;white-space:pre">$217,426</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:172.63pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:191.37pt;position:var(--position);text-decoration:none;white-space:pre">$11,417</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:220.1pt;position:var(--position);text-decoration:none;white-space:pre">, respectively, as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:293.59000000000003pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:366.53pt;position:var(--position);text-decoration:none;white-space:pre">, and the Group may or may not be able to </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:485.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">realize the value in the future. Accordingly, the Group views the risk as high. The Group’s exposure to investments in associates is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:495.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">limited to the carrying amount of the investment in an associate. The Group is not exposed to further contractual obligations or </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:505.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">contingent liabilities beyond the value of the initial investments. As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:302.91pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:375.85pt;position:var(--position);text-decoration:none;white-space:pre">, the investments in associates include </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:515.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Sonde and Seaport, and the carrying amounts of the investments under the equity method were </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:403.38pt;position:var(--position);text-decoration:none;white-space:pre">$0</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:412.21999999999997pt;position:var(--position);text-decoration:none;white-space:pre">. Accordingly, the Group views </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:525.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the risk as low.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:543.21pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Equity Price Risk</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:553.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:61.099999999999994pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.04pt;position:var(--position);text-decoration:none;white-space:pre">, the Group held </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:198.42pt;position:var(--position);text-decoration:none;white-space:pre">2,671,800</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:233.78pt;position:var(--position);text-decoration:none;white-space:pre"> common shares of Vor with a fair value of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:392.76pt;position:var(--position);text-decoration:none;white-space:pre">$2,966</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:417.07pt;position:var(--position);text-decoration:none;white-space:pre">. These common shares were </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:563.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">sold in 2025. As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:110.27pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:183.21pt;position:var(--position);text-decoration:none;white-space:pre">, the Group held immaterial investments in listed entities on an active exchange. As such, the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:573.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Group views the exposure to equity price risk as low. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:591.21pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Foreign Exchange Risk</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:601.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group maintains Consolidated Financial Statements in the Group's functional currency, which is the U.S. dollar. Monetary assets </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:611.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">and liabilities denominated in currencies other than the functional currency are translated into the functional currency at exchange </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:621.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">rates prevailing at the balance sheet dates. Non-monetary assets and liabilities denominated in foreign currencies are translated into </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:632.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">the functional currency at the exchange rates prevailing at the date of the transaction. Exchange gains or losses arising from foreign </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:642.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">currency transactions are included in the determination of net income/(loss) for the respective periods. Such foreign currency gains </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:652.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">or losses were not material for all reported periods. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:670.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group does not currently engage in currency hedging activities since its foreign currency risk is limited, but the Group may </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:680.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">begin to do so in the future if and when its foreign currency risk exposure changes.</span></div> <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:338.52pt;position:var(--position);text-decoration:none;white-space:pre">The Group held the following balances:  </span><div style="position:var(--position);top:349.26pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:381pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31,</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">252,470<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">280,641<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Short-term investments</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">24,829<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">86,666<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other receivables</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,758<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,522<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">279,057<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">368,828<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 252470000 280641000 24829000 86666000 1758000 1522000 279057000 368828000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The table below summarizes the maturity profile of the Group’s financial liabilities, including subsidiary preferred shares that have </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:600.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">customary liquidation preferences, as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:209.15pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:282.09000000000003pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:300.83pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:318.51pt;position:var(--position);text-decoration:none;white-space:pre">, based on contractual undiscounted payments:</span></div><div style="position:var(--position);top:617.96pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:210pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:210pt"><div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:210pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31,</span></div></div></div></td><td colspan="5" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);width:285pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:285pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:134.22pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:26.52pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:28.22pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:12.3pt;position:var(--position);text-decoration:none;white-space:pre">Within Three </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:29.78pt;position:var(--position);text-decoration:none;white-space:pre">Months</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:26.55pt;position:var(--position);text-decoration:none;white-space:pre">Three to </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:4.66pt;position:var(--position);text-decoration:none;white-space:pre">Twelve Months</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:15.92pt;position:var(--position);text-decoration:none;white-space:pre">One to Five </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:36.38pt;position:var(--position);text-decoration:none;white-space:pre">Years</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.8pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:40.78pt;position:var(--position);text-decoration:none;white-space:pre">$ (*)</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:210pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary notes payable (Note 20)</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,916<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,916<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">4,916<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:210pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other payables (Note 22)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">23,185<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">23,185<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">23,185<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:210pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax liability (Note 27)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,208<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,208<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,208<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69.75pt;width:210pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary preferred shares (Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:128.48000000000002pt;position:var(--position);text-decoration:none;white-space:pre">17</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:137.32000000000002pt;position:var(--position);text-decoration:none;white-space:pre">)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:139.53pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">1</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:210pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">29,477<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">28,269<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,208<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">29,477<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">24.</span><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:12.65pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Capital and Financial Risk Management continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:107.66pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:210pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:210pt"><div><div style="line-height:7pt;position:var(--position);top:27.51pt;width:210pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31,</span></div></div></div></td><td colspan="5" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);width:285pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:285pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:134.72pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:27.97pt;position:var(--position);text-decoration:none;white-space:pre">Carrying </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:29.36pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:14.37pt;position:var(--position);text-decoration:none;white-space:pre">Within Three </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.91pt;position:var(--position);text-decoration:none;white-space:pre">Months</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:4.13pt;position:var(--position);text-decoration:none;white-space:pre">Three to Twelve </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:30.91pt;position:var(--position);text-decoration:none;white-space:pre">Months</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:0.96pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:17.58pt;position:var(--position);text-decoration:none;white-space:pre">One to Five </span></div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:37.54pt;position:var(--position);text-decoration:none;white-space:pre">Years</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:9.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.58pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div><div style="line-height:7pt;position:var(--position);top:17.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:41.8pt;position:var(--position);text-decoration:none;white-space:pre">$ (*)</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:210pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary notes payable (Note 20)</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,111<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,111<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:36pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,111<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:47.25pt;width:210pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other payables (Note 22)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">27,020<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">27,020<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:47.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">27,020<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:58.5pt;width:210pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax liability (Note 27)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">75<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">75<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:58.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">75<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69.75pt;width:210pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Subsidiary preferred shares (Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:128.48000000000002pt;position:var(--position);text-decoration:none;white-space:pre">17</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:137.32000000000002pt;position:var(--position);text-decoration:none;white-space:pre">)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:139.53pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">1</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:69.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">169<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81pt;width:210pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:210pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:210pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">31,375<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">31,375<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:81pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">31,375<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:205.91pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:39.68pt;position:var(--position)">1<span style="display:inline-block;height:4.53pt;width:11.06pt"></span></span><span style="left:53.86pt;position:var(--position)">Redeemable only upon a liquidation or deemed liquidation event, as defined in the applicable shareholder documents.</span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:214.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:39.69pt;position:var(--position)">*<span style="display:inline-block;height:4.53pt;width:11.51pt"></span></span><span style="left:53.86pt;position:var(--position)">Does not include payments in respect of lease obligations nor payments on sale of future royalties liability. For the contractual future payments related to lease obligation</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:503.88pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">s, see Note </span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:221.81pt;width:594.99pt"><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:53.86pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">23. Leases and subleases</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:120.16pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">. For contractual future payments related to sale of future royalties, see Note </span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:324.47pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">18. Sale of Future Royalties Liability</span></span><span style="background-color:#ffffff;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:417.94pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">.</span></span></div> 4916000 4916000 0 0 4916000 23185000 23185000 0 0 23185000 1208000 0 1208000 0 1208000 169000 169000 0 0 169000 29477000 28269000 1208000 0 29477000 4111000 4111000 0 0 4111000 27020000 27020000 0 0 27020000 75000 75000 0 0 75000 169000 169000 0 0 169000 31375000 31375000 0 0 31375000 252470000 24829000 217426000 11417000 0 2671800 2966000 <div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">25.</span><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:12.65pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Commitments and Contingencies</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group is a party to certain licensing agreements where the Group is licensing IP from third parties. In consideration for such </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">licenses, the Group has made upfront payments and may be required to make additional contingent payments based on </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">developmental and sales milestones and/or royalties on future sales. As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:337.6pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:410.54pt;position:var(--position);text-decoration:none;white-space:pre">, certain milestone events have not yet </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">occurred, and therefore, the Group does not have a present obligation to make the related payments in respect of the licenses. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Such milestones are dependent on events that are outside of the control of the Group, and many of these milestone events are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:157.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">remote of occurring. Payments in respect of developmental milestones that are dependent on events that are outside the control of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:167.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">the Group but are reasonably possible to occur amounted to approximately </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:344.04pt;position:var(--position);text-decoration:none;white-space:pre">$7,121</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:368.35pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:387.09pt;position:var(--position);text-decoration:none;white-space:pre">$7,121</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:411.4pt;position:var(--position);text-decoration:none;white-space:pre">, respectively, as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:484.89pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:177.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:74.37pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:93.11pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:166.05pt;position:var(--position);text-decoration:none;white-space:pre">. These milestone amounts represent an aggregate of multiple milestone payments depending on </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:187.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">different milestone events in multiple agreements. The probability that all such milestone events will occur in the aggregate is </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:197.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">remote. Payments made to license IP represent the acquisition cost of intangible assets.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:386.82pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:215.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group is a party to arrangements with contract manufacturing and contract research organizations, whereby the counterparty </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:225.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">provides the Group with research and/or manufacturing services.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:300.4pt;position:var(--position);text-decoration:none;white-space:pre"> As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:324.02pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:396.96pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:415.7pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:488.64pt;position:var(--position);text-decoration:none;white-space:pre">, the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:235.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">noncancellable commitments in respect of such contracts amounted to approximately </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:381.89pt;position:var(--position);text-decoration:none;white-space:pre">$4,308</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:406.2pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:424.94pt;position:var(--position);text-decoration:none;white-space:pre">$8,395</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:449.25pt;position:var(--position);text-decoration:none;white-space:pre">, respectively.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:253.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">In March 2024, a complaint was filed in Massachusetts District Court against the Group alleging breach of contract with respect to </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:263.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">certain payments alleged to be owed to a previous employee of a Group's subsidiary based on purported terms of a contract </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:273.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">between such individual and the Group. As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:230.89pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:303.83pt;position:var(--position);text-decoration:none;white-space:pre">, the Group recognized a provision of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:446.73pt;position:var(--position);text-decoration:none;white-space:pre">$900</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:464.41pt;position:var(--position);text-decoration:none;white-space:pre">, which represented </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:283.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">management's best estimate of the expected settlement related to the financial obligation associated with the lawsuit, considering </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:293.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">the likelihood of settlement. During the year ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:252.10999999999999pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:325.05pt;position:var(--position);text-decoration:none;white-space:pre">, a settlement was reached, and payments in the amounts of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:303.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">$850</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:74.37pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:93.11pt;position:var(--position);text-decoration:none;white-space:pre">$89</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:106.37pt;position:var(--position);text-decoration:none;white-space:pre"> were made in June 2025 and July 2025, respectively.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:321.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group is involved from time-to-time in various legal proceedings arising in the normal course of business. Although the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:331.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">outcomes of these legal proceedings are inherently difficult to predict, the Group does not expect the resolution of such legal </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:341.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">proceedings to have a material adverse effect on its financial position or results of operations. The Group did not book any </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:351.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">provisions and did not identify any contingent liabilities requiring disclosure for any legal proceedings in the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:464.78pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:511.04pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:513.25pt;position:var(--position);text-decoration:none;white-space:pre">December </span></div><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:87.63pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:106.37pt;position:var(--position);text-decoration:none;white-space:pre">2024</span> 7121000 7121000 4308000 8395000 900000 850000 89000 <div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">26.</span><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:12.65pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Related Parties Transactions</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:402.61pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Related Party Subleases</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:412.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">During 2019, the Group executed a sublease agreement with a related party, Gelesis. During 2023, the sublease receivable was </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:422.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">written down to </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:118.07pt;position:var(--position);text-decoration:none;white-space:pre">$0</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:126.91pt;position:var(--position);text-decoration:none;white-space:pre"> as Gelesis ceased operations and filed for bankruptcy. The Group recorded </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:414.7pt;position:var(--position);text-decoration:none;white-space:pre">$23</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:427.96pt;position:var(--position);text-decoration:none;white-space:pre"> of interest income with respect </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:432.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">to the sublease during the year ended December 31, 2023, which is presented within finance income in the Consolidated Statement </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:442.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">of Comprehensive Income/(Loss).</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:460.61pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Key</span><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:71.16pt;position:var(--position);text-decoration:none;white-space:pre"> Management Personnel Compensation</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:470.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Key management includes executive directors and members of the executive management team of the Group (not including non-</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:480.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">executive directors and not including subsidiary directors). </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:278.02pt;position:var(--position);text-decoration:none;white-space:pre">The key management personnel compensation of the Group was as </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:490.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">follows for the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:112.24pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:158.5pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:160.70999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December 31</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:211.55pt;position:var(--position);text-decoration:none;white-space:pre">: </span></div><div style="position:var(--position);top:508.61pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:324.75pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the years ended December 31,</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Short-term employee benefits</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,918<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">5,166<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">9,714<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Post-employment benefits</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">76<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">61<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">41<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Termination benefits</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">408<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">395<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">417<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share-based payment expense</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">2,174<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,540<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">599<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">6,576<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">8,161<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">10,772<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:594.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Short-term employee benefits include salaries, health care and other non-cash benefits. Post-employment benefits include 401K </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:604.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">contributions from the Group. Termination benefits include severance pay. Share-based payments are generally subject to vesting </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:614.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">terms over future periods. See Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:194.24pt;position:var(--position);text-decoration:none;white-space:pre">10 Share-based Payments</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:291.2pt;position:var(--position);text-decoration:none;white-space:pre">. As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:317.03pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:389.96999999999997pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:408.71pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:427.59pt;position:var(--position);text-decoration:none;white-space:pre">, the payable due to the key </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:624.61pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">management employees was </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:168.75pt;position:var(--position);text-decoration:none;white-space:pre">$1,613</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:193.06pt;position:var(--position);text-decoration:none;white-space:pre">, and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:214.01pt;position:var(--position);text-decoration:none;white-space:pre">$1,509</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:238.32pt;position:var(--position);text-decoration:none;white-space:pre">, respectively.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:642.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">In addition, the Group incurred remuneration expense for non-executive directors in the amounts of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:434.48pt;position:var(--position);text-decoration:none;white-space:pre">$673</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:452.16pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:456.88pt;position:var(--position);text-decoration:none;white-space:pre">$670</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:474.56pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:476.92pt;position:var(--position);text-decoration:none;white-space:pre">and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:493.45pt;position:var(--position);text-decoration:none;white-space:pre">$475</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:511.13pt;position:var(--position);text-decoration:none;white-space:pre"> for the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:652.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:102.94999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:105.16pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:178.1pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:182.51999999999998pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:200.2pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:218.94pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:237.82pt;position:var(--position);text-decoration:none;white-space:pre">, respectively. Also, the Group incurred </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:386.67pt;position:var(--position);text-decoration:none;white-space:pre">$574</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:404.35pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:409.07pt;position:var(--position);text-decoration:none;white-space:pre">$501</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:426.75pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:429.11pt;position:var(--position);text-decoration:none;white-space:pre">and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:445.64pt;position:var(--position);text-decoration:none;white-space:pre">$373</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:463.32pt;position:var(--position);text-decoration:none;white-space:pre"> of share-based </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:662.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">compensation expense for such non-executive directors for the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:296.28999999999996pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:342.55pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:344.76pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:417.7pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:422.12pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:439.8pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:458.54pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:477.42pt;position:var(--position);text-decoration:none;white-space:pre">, respectively.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:680.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">During 2025, the Group entered into an agreement with a contract research, development, and manufacturing organization whose </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:690.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">board chairperson is also a non-executive director of the Group. As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:321.37pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:394.31pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:398.73pt;position:var(--position);text-decoration:none;white-space:pre">$210</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:416.41pt;position:var(--position);text-decoration:none;white-space:pre"> was included in the Consolidated </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:700.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Statement of Financial Position as an accounts payable to this related party, of which </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:376.44pt;position:var(--position);text-decoration:none;white-space:pre">$58</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:389.7pt;position:var(--position);text-decoration:none;white-space:pre"> was expensed during the year in </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:710.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">connection with this related party agreement.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:728.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">During the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:99.16999999999999pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:145.43pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:147.64pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:220.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:225pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:242.68pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:261.41999999999996pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:280.3pt;position:var(--position);text-decoration:none;white-space:pre">, the Group incu</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:341.36pt;position:var(--position);text-decoration:none;white-space:pre">rre</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:351.74pt;position:var(--position);text-decoration:none;white-space:pre">d </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:359.14pt;position:var(--position);text-decoration:none;white-space:pre">$46</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:372.4pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:376.82pt;position:var(--position);text-decoration:none;white-space:pre">$34</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:390.08pt;position:var(--position);text-decoration:none;white-space:pre">, and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:411.03pt;position:var(--position);text-decoration:none;white-space:pre">$46</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:424.29pt;position:var(--position);text-decoration:none;white-space:pre"> respectively, of expenses from </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:738.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">other related parties.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:755.81pt;width:594.99pt"><span style="background-color:#ffffff;color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">Convertible Notes Issued to Directors</span></span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:766.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">During the year ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:144.01999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:216.96pt;position:var(--position);text-decoration:none;white-space:pre">, the Group dissolved an inactive subsidiary, which held a convertible note issued </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:776.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">to a related party. As a result of the entity's dissolution, the convertible note's outstanding balance on the day of dissolution </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:786.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">was written down to </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.29pt;position:var(--position);text-decoration:none;white-space:pre">$0</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:143.13pt;position:var(--position);text-decoration:none;white-space:pre"> and a gain of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:196.82pt;position:var(--position);text-decoration:none;white-space:pre">$108</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:214.5pt;position:var(--position);text-decoration:none;white-space:pre"> was recorded and included in finance income/ (costs) within the Consolidated Statement </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:796.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">of Comprehensive Income/(Loss).</span></div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">26.</span><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:12.65pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Related Parties Transactions continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Directors’ and Senior Managers’ Shareholdings and Share Incentive Awards</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Directors and senior managers hold beneficial interests in shares in the following businesses as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:423.94pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:496.88pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:135.66pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:121.5pt"></td><td style="padding:0;width:145.5pt"></td><td style="padding:0;width:57.75pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:57.75pt"></td><td style="padding:0;width:50.25pt"></td></tr><tr style="height:36.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:121.5pt;position:var(--position);width:145.5pt"><div><div style="line-height:7pt;position:var(--position);top:28.26pt;width:145.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Business name (share class)</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);width:57.75pt"><div><div style="line-height:7pt;position:var(--position);top:3.06pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:19.51pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:7pt;position:var(--position);top:11.46pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:9.19pt;position:var(--position);text-decoration:none;white-space:pre">shares held as </span></div><div style="line-height:7pt;position:var(--position);top:19.86pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:12.39pt;position:var(--position);text-decoration:none;white-space:pre">of December </span></div><div style="line-height:7pt;position:var(--position);top:28.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:26.14pt;position:var(--position);text-decoration:none;white-space:pre">31, 2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:62.25pt"><div><div style="line-height:7pt;position:var(--position);top:3.06pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:24.01pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:7pt;position:var(--position);top:11.46pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:9.78pt;position:var(--position);text-decoration:none;white-space:pre">options held as </span></div><div style="line-height:7pt;position:var(--position);top:19.86pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:4.47pt;position:var(--position);text-decoration:none;white-space:pre">of December 31, </span></div><div style="line-height:7pt;position:var(--position);top:28.26pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:43.06pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);width:57.75pt"><div><div style="line-height:7pt;position:var(--position);top:3.06pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:19.51pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:7pt;position:var(--position);top:11.46pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:4.51pt;position:var(--position);text-decoration:none;white-space:pre">RSUs held as of </span></div><div style="line-height:7pt;position:var(--position);top:19.86pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:8.77pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="line-height:7pt;position:var(--position);top:28.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:38.56pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:444.75pt;position:var(--position);width:50.25pt"><div><div style="line-height:7pt;position:var(--position);top:19.86pt;width:50.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:12.14pt;position:var(--position);text-decoration:none;white-space:pre">Ownership</span></div><div style="line-height:7pt;position:var(--position);top:28.26pt;width:50.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:19.82pt;position:var(--position);text-decoration:none;white-space:pre">interest¹</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36.75pt;width:121.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:121.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Directors:</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48pt;width:121.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:121.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Dr Robert Langer</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:121.5pt;position:var(--position);top:48pt;width:145.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:145.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Entrega (Common)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:48pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:22.43pt;position:var(--position);text-decoration:none;white-space:pre">250,000</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:48pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:31.96pt;position:var(--position);text-decoration:none;white-space:pre">82,500</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:48pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:46.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:444.75pt;position:var(--position);top:48pt;width:50.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:50.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:21.69pt;position:var(--position)"></span><span style="left:21.69pt;position:var(--position)">4.35<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:41.8pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:59.25pt;width:121.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:121.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Dr John LaMattina</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:121.5pt;position:var(--position);top:59.25pt;width:145.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:145.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Vedanta Biosciences (Common)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:59.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:32.49pt;position:var(--position);text-decoration:none;white-space:pre">2,500</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:59.25pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:26.93pt;position:var(--position);text-decoration:none;white-space:pre">427,416</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:59.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:46.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:444.75pt;position:var(--position);top:59.25pt;width:50.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:50.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:21.69pt;position:var(--position)"></span><span style="left:21.69pt;position:var(--position)">0.15<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:41.8pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:121.5pt;position:var(--position);top:70.5pt;width:145.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:145.5pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Seaport Therapeutics (Preferred B)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:130.19000000000003pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:70.5pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:27.46pt;position:var(--position);text-decoration:none;white-space:pre">21,052</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:70.5pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:51.12pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:70.5pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:46.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:444.75pt;position:var(--position);top:70.5pt;width:50.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:50.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:21.69pt;position:var(--position)"></span><span style="left:21.69pt;position:var(--position)">0.01<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:41.8pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81.75pt;width:121.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:121.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Michele Holcomb</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:121.5pt;position:var(--position);top:81.75pt;width:145.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:145.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Seaport Therapeutics (Preferred B)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:81.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:27.46pt;position:var(--position);text-decoration:none;white-space:pre">21,052</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:81.75pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:51.12pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:81.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:46.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:444.75pt;position:var(--position);top:81.75pt;width:50.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:50.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:21.69pt;position:var(--position)"></span><span style="left:21.69pt;position:var(--position)">0.01<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:41.8pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93pt;width:121.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:121.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Sharon Barber-Lui</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:121.5pt;position:var(--position);top:93pt;width:145.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:145.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Seaport Therapeutics (Preferred B)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:93pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:27.46pt;position:var(--position);text-decoration:none;white-space:pre">21,052</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:93pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:51.12pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:93pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:46.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:444.75pt;position:var(--position);top:93pt;width:50.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:50.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:21.69pt;position:var(--position)"></span><span style="left:21.69pt;position:var(--position)">0.01<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:41.8pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:121.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:121.5pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Kiran Mazumdar-Shaw</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:121.5pt;position:var(--position);top:104.25pt;width:145.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:145.5pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Seaport Therapeutics (Preferred B)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:130.19000000000003pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">3</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:104.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:27.46pt;position:var(--position);text-decoration:none;white-space:pre">21,052</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:104.25pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:51.12pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:104.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:46.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:444.75pt;position:var(--position);top:104.25pt;width:50.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:50.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:21.69pt;position:var(--position)"></span><span style="left:21.69pt;position:var(--position)">0.01<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:41.8pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:115.5pt;width:121.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:4.26pt;width:121.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Senior Managers:</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:129.75pt;width:121.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:121.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Eric Elenko</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:121.5pt;position:var(--position);top:129.75pt;width:145.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:145.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Seaport Therapeutics (Common)</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:129.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:22.43pt;position:var(--position);text-decoration:none;white-space:pre">950,000</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:129.75pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:51.12pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:129.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:46.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:444.75pt;position:var(--position);top:129.75pt;width:50.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:50.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:21.69pt;position:var(--position)"></span><span style="left:21.69pt;position:var(--position)">0.63<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:41.8pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:284.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:39.68pt;position:var(--position)">1<span style="display:inline-block;height:4.53pt;width:11.06pt"></span></span><span style="left:53.86pt;position:var(--position)">Ownership interests as of </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:122.44pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:173.91pt;position:var(--position);text-decoration:none;white-space:pre"> are calculated on a diluted basis, including issued and outstanding shares, warrants and options (and written commitments to issue </span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:291.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:53.86pt;position:var(--position);text-decoration:none;white-space:pre">options) but excluding unallocated shares authorized to be issued pursuant to equity incentive plans.</span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:300.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:39.68pt;position:var(--position)">2<span style="display:inline-block;height:4.53pt;width:11.06pt"></span></span><span style="left:53.86pt;position:var(--position)">Dr. John and Ms. Mary LaMattina hold </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:157.02pt;position:var(--position);text-decoration:none;white-space:pre">21,052</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:174.18pt;position:var(--position);text-decoration:none;white-space:pre"> Series B preferred shares of Seaport Therapeutics.</span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:308.76pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">3      Shares owned through Glentec International.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:326.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Directors and senior managers hol</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:169.04pt;position:var(--position);text-decoration:none;white-space:pre">d </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:176.44pt;position:var(--position);text-decoration:none;white-space:pre">7,522,370</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:211.8pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary shares and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:289.87pt;position:var(--position);text-decoration:none;white-space:pre">3.1%</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:307.84pt;position:var(--position);text-decoration:none;white-space:pre"> voting rights of the Group as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:430.29pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:503.23pt;position:var(--position);text-decoration:none;white-space:pre">. This </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:336.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">amount excludes options to purchas</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:176.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre">e </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:183.51pt;position:var(--position);text-decoration:none;white-space:pre">422,221</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:212.24pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:214.45pt;position:var(--position);text-decoration:none;white-space:pre">o</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:219.49pt;position:var(--position);text-decoration:none;white-space:pre">rdinary shares. This amount also exclude</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:371.49pt;position:var(--position);text-decoration:none;white-space:pre">s </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:377.32pt;position:var(--position);text-decoration:none;white-space:pre">2,535,651</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:412.68pt;position:var(--position);text-decoration:none;white-space:pre"> s</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:418.51pt;position:var(--position);text-decoration:none;white-space:pre">hares, which are issuable based </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:346.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">on the terms of performance-based RSU awards granted to certain senior managers covering the financial years from </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:480.76pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:498.44pt;position:var(--position);text-decoration:none;white-space:pre"> to 2027, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:356.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.22pt;position:var(--position);text-decoration:none;white-space:pre">2,180,815</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:91.58pt;position:var(--position);text-decoration:none;white-space:pre"> s</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:97.41pt;position:var(--position);text-decoration:none;white-space:pre">hares of time-based RSUs to senior managers, which vest primarily over </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:367.45pt;position:var(--position);text-decoration:none;white-space:pre">3 years</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:393.59pt;position:var(--position);text-decoration:none;white-space:pre">. Such shares will be issued to such </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:366.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">senior managers in future periods provided that performance and/or service conditions are met, and certain of the shares will be </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:376.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">withheld for payment of customary withholding taxes. This amount also excludes </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:344.78pt;position:var(--position);text-decoration:none;white-space:pre">469,720</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:373.51pt;position:var(--position);text-decoration:none;white-space:pre"> shares, which are issuable to non-executive </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:386.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">directors immediately prior to the Group's 2026 Annual General Meeting of Stockholders, based on the terms of the RSU awards </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:396.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">granted to non-executive directors in 2025. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:413.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">During the year ended </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:127.02pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:202.21pt;position:var(--position);text-decoration:none;white-space:pre">, certain officers and directors participated in the Tender Offer. See Note </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:478.48pt;position:var(--position);text-decoration:none;white-space:pre">16. Equity</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:516.54pt;position:var(--position);text-decoration:none;white-space:pre"> for </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:423.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">details on the program.</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:128.7pt;position:var(--position);text-decoration:none;white-space:pre"> Consequently, the Group repurchased a total of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:313.62pt;position:var(--position);text-decoration:none;white-space:pre">767,533</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:342.35pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary shares at </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:413.34pt;position:var(--position);text-decoration:none;white-space:pre">250</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:427.5pt;position:var(--position);text-decoration:none;white-space:pre"> pence per ordinary share </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:433.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">from these related parties.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:451.76pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:461.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">See Note </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:77.47pt;position:var(--position);text-decoration:none;white-space:pre">7. Investment in Notes from Associates</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:223.69pt;position:var(--position);text-decoration:none;white-space:pre"> for details on the notes issued by Gelesis, Sonde, and Vedanta to the Group. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:479.76pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:61.099999999999994pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.04pt;position:var(--position);text-decoration:none;white-space:pre">, and </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:154.99pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:173.87pt;position:var(--position);text-decoration:none;white-space:pre"> the Group had receivables outstanding from Seaport in the amounts of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:445.5pt;position:var(--position);text-decoration:none;white-space:pre">$7</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:454.34pt;position:var(--position);text-decoration:none;white-space:pre">, and  </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:477.5pt;position:var(--position);text-decoration:none;white-space:pre">$408</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:495.18pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div>respectively. 0 23000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:278.02pt;position:var(--position);text-decoration:none;white-space:pre">The key management personnel compensation of the Group was as </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:490.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">follows for the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:112.24pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:158.5pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:160.70999999999998pt;position:var(--position);text-decoration:none;white-space:pre">December 31</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:211.55pt;position:var(--position);text-decoration:none;white-space:pre">: </span></div><div style="position:var(--position);top:508.61pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324.75pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:324.75pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the years ended December 31,</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Short-term employee benefits</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,918<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">5,166<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">9,714<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Post-employment benefits</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">76<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">61<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">41<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Termination benefits</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">408<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">395<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">417<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share-based payment expense</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">2,174<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,540<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">599<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:324.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">6,576<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381.75pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">8,161<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438.75pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">10,772<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 3918000 5166000 9714000 76000 61000 41000 408000 395000 417000 2174000 2540000 599000 6576000 8161000 10772000 1613000 1509000 673000 670000 475000 574000 501000 373000 210000 58000 46000 34000 46000 0 108000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">The Directors and senior managers hold beneficial interests in shares in the following businesses as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:423.94pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:496.88pt;position:var(--position);text-decoration:none;white-space:pre">:</span><div style="position:var(--position);top:135.66pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:121.5pt"></td><td style="padding:0;width:145.5pt"></td><td style="padding:0;width:57.75pt"></td><td style="padding:0;width:62.25pt"></td><td style="padding:0;width:57.75pt"></td><td style="padding:0;width:50.25pt"></td></tr><tr style="height:36.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:121.5pt;position:var(--position);width:145.5pt"><div><div style="line-height:7pt;position:var(--position);top:28.26pt;width:145.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Business name (share class)</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);width:57.75pt"><div><div style="line-height:7pt;position:var(--position);top:3.06pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:19.51pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:7pt;position:var(--position);top:11.46pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:9.19pt;position:var(--position);text-decoration:none;white-space:pre">shares held as </span></div><div style="line-height:7pt;position:var(--position);top:19.86pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:12.39pt;position:var(--position);text-decoration:none;white-space:pre">of December </span></div><div style="line-height:7pt;position:var(--position);top:28.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:26.14pt;position:var(--position);text-decoration:none;white-space:pre">31, 2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);width:62.25pt"><div><div style="line-height:7pt;position:var(--position);top:3.06pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:24.01pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:7pt;position:var(--position);top:11.46pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:9.78pt;position:var(--position);text-decoration:none;white-space:pre">options held as </span></div><div style="line-height:7pt;position:var(--position);top:19.86pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:4.47pt;position:var(--position);text-decoration:none;white-space:pre">of December 31, </span></div><div style="line-height:7pt;position:var(--position);top:28.26pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:43.06pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);width:57.75pt"><div><div style="line-height:7pt;position:var(--position);top:3.06pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:19.51pt;position:var(--position);text-decoration:none;white-space:pre">Number of </span></div><div style="line-height:7pt;position:var(--position);top:11.46pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:4.51pt;position:var(--position);text-decoration:none;white-space:pre">RSUs held as of </span></div><div style="line-height:7pt;position:var(--position);top:19.86pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:8.77pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="line-height:7pt;position:var(--position);top:28.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:38.56pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:444.75pt;position:var(--position);width:50.25pt"><div><div style="line-height:7pt;position:var(--position);top:19.86pt;width:50.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:12.14pt;position:var(--position);text-decoration:none;white-space:pre">Ownership</span></div><div style="line-height:7pt;position:var(--position);top:28.26pt;width:50.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:19.82pt;position:var(--position);text-decoration:none;white-space:pre">interest¹</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36.75pt;width:121.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:121.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Directors:</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48pt;width:121.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:121.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Dr Robert Langer</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:121.5pt;position:var(--position);top:48pt;width:145.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:145.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Entrega (Common)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:48pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:22.43pt;position:var(--position);text-decoration:none;white-space:pre">250,000</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:48pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:31.96pt;position:var(--position);text-decoration:none;white-space:pre">82,500</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:48pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:46.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:444.75pt;position:var(--position);top:48pt;width:50.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:50.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:21.69pt;position:var(--position)"></span><span style="left:21.69pt;position:var(--position)">4.35<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:41.8pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:59.25pt;width:121.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:121.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Dr John LaMattina</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:121.5pt;position:var(--position);top:59.25pt;width:145.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:145.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Vedanta Biosciences (Common)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:59.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:32.49pt;position:var(--position);text-decoration:none;white-space:pre">2,500</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:59.25pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:26.93pt;position:var(--position);text-decoration:none;white-space:pre">427,416</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:59.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:46.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:444.75pt;position:var(--position);top:59.25pt;width:50.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:50.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:21.69pt;position:var(--position)"></span><span style="left:21.69pt;position:var(--position)">0.15<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:41.8pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:121.5pt;position:var(--position);top:70.5pt;width:145.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:145.5pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Seaport Therapeutics (Preferred B)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:130.19000000000003pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">2</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:70.5pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:27.46pt;position:var(--position);text-decoration:none;white-space:pre">21,052</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:70.5pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:51.12pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:70.5pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:46.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:444.75pt;position:var(--position);top:70.5pt;width:50.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:50.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:21.69pt;position:var(--position)"></span><span style="left:21.69pt;position:var(--position)">0.01<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:41.8pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81.75pt;width:121.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:121.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Michele Holcomb</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:121.5pt;position:var(--position);top:81.75pt;width:145.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:145.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Seaport Therapeutics (Preferred B)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:81.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:27.46pt;position:var(--position);text-decoration:none;white-space:pre">21,052</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:81.75pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:51.12pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:81.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:46.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:444.75pt;position:var(--position);top:81.75pt;width:50.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:50.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:21.69pt;position:var(--position)"></span><span style="left:21.69pt;position:var(--position)">0.01<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:41.8pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:93pt;width:121.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:121.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Sharon Barber-Lui</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:121.5pt;position:var(--position);top:93pt;width:145.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:145.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Seaport Therapeutics (Preferred B)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:93pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:27.46pt;position:var(--position);text-decoration:none;white-space:pre">21,052</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:93pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:51.12pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:93pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:46.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:444.75pt;position:var(--position);top:93pt;width:50.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:50.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:21.69pt;position:var(--position)"></span><span style="left:21.69pt;position:var(--position)">0.01<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:41.8pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:104.25pt;width:121.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:121.5pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Kiran Mazumdar-Shaw</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:121.5pt;position:var(--position);top:104.25pt;width:145.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:145.5pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Seaport Therapeutics (Preferred B)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:5.525pt;font-style:normal;font-weight:normal;left:130.19000000000003pt;position:var(--position);text-decoration:none;top:-2.247pt;vertical-align:super;white-space:pre">3</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:104.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:27.46pt;position:var(--position);text-decoration:none;white-space:pre">21,052</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:104.25pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:51.12pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:104.25pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:46.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:444.75pt;position:var(--position);top:104.25pt;width:50.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:50.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:21.69pt;position:var(--position)"></span><span style="left:21.69pt;position:var(--position)">0.01<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:41.8pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:115.5pt;width:121.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:4.26pt;width:121.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Senior Managers:</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:129.75pt;width:121.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:121.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Eric Elenko</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:121.5pt;position:var(--position);top:129.75pt;width:145.5pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:145.5pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Seaport Therapeutics (Common)</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:267pt;position:var(--position);top:129.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:22.43pt;position:var(--position);text-decoration:none;white-space:pre">950,000</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:324.75pt;position:var(--position);top:129.75pt;width:62.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:62.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:51.12pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:129.75pt;width:57.75pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57.75pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:46.62pt;position:var(--position);text-decoration:none;white-space:pre">—</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:444.75pt;position:var(--position);top:129.75pt;width:50.25pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:50.25pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:21.69pt;position:var(--position)"></span><span style="left:21.69pt;position:var(--position)">0.63<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span><span style="left:41.8pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:284.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:39.68pt;position:var(--position)">1<span style="display:inline-block;height:4.53pt;width:11.06pt"></span></span><span style="left:53.86pt;position:var(--position)">Ownership interests as of </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:122.44pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:173.91pt;position:var(--position);text-decoration:none;white-space:pre"> are calculated on a diluted basis, including issued and outstanding shares, warrants and options (and written commitments to issue </span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:291.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:53.86pt;position:var(--position);text-decoration:none;white-space:pre">options) but excluding unallocated shares authorized to be issued pursuant to equity incentive plans.</span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:300.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:39.68pt;position:var(--position)">2<span style="display:inline-block;height:4.53pt;width:11.06pt"></span></span><span style="left:53.86pt;position:var(--position)">Dr. John and Ms. Mary LaMattina hold </span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:157.02pt;position:var(--position);text-decoration:none;white-space:pre">21,052</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:174.18pt;position:var(--position);text-decoration:none;white-space:pre"> Series B preferred shares of Seaport Therapeutics.</span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:308.76pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">3      Shares owned through Glentec International.</span></div> 250000 82500 0 0.0435 2500 427416 0 0.0015 21052 0 0 0.0001 21052 0 0 0.0001 21052 0 0 0.0001 21052 0 0 0.0001 950000 0 0 0.0063 21052 7522370 0.031 422221 2535651 2180815 P3Y 469720 767533 250 7000 408000 <div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">27.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Taxation</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:531.31pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Tax on the profit or loss for the year comprises current and deferred income tax. Tax is recognized in the Consolidated Statement of </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:541.31pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Comprehensive Income/(Loss) except to the extent that it relates to items recognized directly in equity.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:559.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">For the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:68.97pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:115.23pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:117.44pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:190.38pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:194.8pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:212.48pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:231.22pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:248.9pt;position:var(--position);text-decoration:none;white-space:pre">, the Group filed a consolidated U.S. federal income tax return that included </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:569.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">all subsidiaries in which the Group owned greater than </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:246.93pt;position:var(--position);text-decoration:none;white-space:pre">80%</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:263.45pt;position:var(--position);text-decoration:none;white-space:pre"> of the vote and value. For the </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:378.68pt;position:var(--position);text-decoration:none;white-space:pre">years ended</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:424.94pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:427.15pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:500.09pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:504.51pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:522.19pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:579.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.22pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:73.9pt;position:var(--position);text-decoration:none;white-space:pre">, the Group filed certain consolidated state income tax returns which included all subsidiaries in which the Group owned </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:589.11pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">greater than </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:88.32pt;position:var(--position);text-decoration:none;white-space:pre">50%</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:104.84pt;position:var(--position);text-decoration:none;white-space:pre"> of the vote and value. The remaining subsidiaries file separate U.S. tax returns.</span></div><div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">27.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Taxation continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Amounts recognized in Consolidated Statement of Comprehensive Income/(Loss):</span></div><div style="position:var(--position);top:125.46pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:324pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended December 31,</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income/(loss) for the year</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.91pt"></span></span><span style="left:18.54pt;position:var(--position)">(110,084)</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">27,782<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(66,628)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income tax expense/(benefit)</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(842)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(4,008)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">30,525<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income/(loss) before taxes</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.91pt"></span></span><span style="left:18.54pt;position:var(--position)">(110,927)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">23,774<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(36,103)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:188.96pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Recognized Income Tax Expense/(Benefit):</span></div><div style="position:var(--position);top:206.76pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:324pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended December 31,</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Federal - current</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">874<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">35,310<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(2,246)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">State - current</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,018<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">13,144<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:40.36pt"></span></span><span style="left:42.99pt;position:var(--position)">(46)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total current income tax expense/(benefit)</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,892<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">48,454<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(2,292)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Federal - deferred</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(2,734)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(46,442)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">29,294<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">State - deferred</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(6,020)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,523<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total deferred income tax expense/(benefit)</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(2,734)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(52,462)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">32,817<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total income tax expense/(benefit), recognized</span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(842)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(4,008)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">30,525<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:315.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The income tax expense/(benefit) was </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:201.28pt;position:var(--position);text-decoration:none;white-space:pre">$(842)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:223.38pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:227.8pt;position:var(--position);text-decoration:none;white-space:pre">$(4,008)</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:256.53pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:275.27pt;position:var(--position);text-decoration:none;white-space:pre">$30,525</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:304pt;position:var(--position);text-decoration:none;white-space:pre"> for the tax years ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:395.28pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:468.21999999999997pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:472.64pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:490.32pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:509.06pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:526.74pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:325.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">respectively. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:343.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The income tax benefit recognized in </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:199.06pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:217.94pt;position:var(--position);text-decoration:none;white-space:pre"> was primarily due to capital loss generated on the sale of the Vor Biopharma investment </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:353.06pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and general business tax credits, partially offset by the recognition of a reserve for uncertain tax positions related to a state audit. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:370.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The income tax benefit recognized in 2024 was primarily attributable to the recognition of a deferred tax asset, which was generated </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:380.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">in 2024 from the sale of the Group’s investment in Akili common stock. This deferred tax asset was used to offset income generated </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:390.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">from the sale of the Group’s investment in Karuna common shares, partially offset with state income tax expense.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:408.66pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Reconciliation of Effective Tax Rate</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:418.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group is primarily subject to taxation in the U.S. A reconciliation of the U.S. federal statutory tax rate to the effective tax rate </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:428.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">is as f</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:77.31pt;position:var(--position);text-decoration:none;white-space:pre">ollows:</span></div><div style="position:var(--position);top:446.66pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:147pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:48.72pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:147pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended December 31,</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:48.03pt;position:var(--position);text-decoration:none;white-space:pre">%</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:48.54pt;position:var(--position);text-decoration:none;white-space:pre">%</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:48.54pt;position:var(--position);text-decoration:none;white-space:pre">%</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">US federal statutory rate</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(23,295)</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:31.11pt;position:var(--position)"></span><span style="left:31.11pt;position:var(--position)">21.00<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,994<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:34.15pt;position:var(--position)"></span><span style="left:34.15pt;position:var(--position)">21.00<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(7,573)</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:34.15pt;position:var(--position)"></span><span style="left:34.15pt;position:var(--position)">21.00<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">State taxes, net of federal effect</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(5,664)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:36.14pt;position:var(--position)"></span><span style="left:36.14pt;position:var(--position)">5.11<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,026<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:38.57pt;position:var(--position)"></span><span style="left:38.57pt;position:var(--position)">4.32<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(3,974)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:34.15pt;position:var(--position)"></span><span style="left:34.15pt;position:var(--position)">11.01<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax credits</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(1,772)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:36.14pt;position:var(--position)"></span><span style="left:36.14pt;position:var(--position)">1.60<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(2,517)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:31.94pt;position:var(--position)"></span><span style="left:31.94pt;position:var(--position)">(10.59)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(9,167)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:34.15pt;position:var(--position)"></span><span style="left:34.15pt;position:var(--position)">25.39<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Stock-based compensation</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">777<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.63pt;position:var(--position)"></span><span style="left:33.63pt;position:var(--position)">(0.70)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,123<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:38.57pt;position:var(--position)"></span><span style="left:38.57pt;position:var(--position)">8.93<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">589<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36.36pt;position:var(--position)"></span><span style="left:36.36pt;position:var(--position)">(1.63)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:0.81pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Finance income/(costs) – fair value </span></div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">accounting</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">769<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.63pt;position:var(--position)"></span><span style="left:33.63pt;position:var(--position)">(0.69)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,640<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:38.57pt;position:var(--position)"></span><span style="left:38.57pt;position:var(--position)">6.90<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(556)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:38.57pt;position:var(--position)"></span><span style="left:38.57pt;position:var(--position)">1.54<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:33.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:3.36pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Loss with respect to associate for </span></div><div style="line-height:8.5pt;position:var(--position);top:13.56pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">which no deferred tax asset is </span></div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">recognized</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:85.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">639<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:85.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.63pt;position:var(--position)"></span><span style="left:33.63pt;position:var(--position)">(0.58)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:85.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">210<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:85.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:38.57pt;position:var(--position)"></span><span style="left:38.57pt;position:var(--position)">0.88<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:85.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">249<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:85.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36.36pt;position:var(--position)"></span><span style="left:36.36pt;position:var(--position)">(0.69)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:119.25pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:0.81pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Revaluation of deferred due to rate </span></div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">change</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(271)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:36.14pt;position:var(--position)"></span><span style="left:36.14pt;position:var(--position)">0.24<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(3,419)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:31.94pt;position:var(--position)"></span><span style="left:31.94pt;position:var(--position)">(14.38)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Nondeductible compensation</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:140.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">505<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:140.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.63pt;position:var(--position)"></span><span style="left:33.63pt;position:var(--position)">(0.46)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:140.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,534<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:140.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:38.57pt;position:var(--position)"></span><span style="left:38.57pt;position:var(--position)">6.45<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:140.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">872<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:140.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36.36pt;position:var(--position)"></span><span style="left:36.36pt;position:var(--position)">(2.42)</span></span></div></div></div></td></tr><tr style="height:33pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:151.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.61pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Recognition of deferred tax assets </span></div><div style="line-height:8.5pt;position:var(--position);top:12.81pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">and tax benefits not previously </span></div><div style="line-height:8.5pt;position:var(--position);top:23.01pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">recognized</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:151.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.01pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(962)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:151.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.01pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:36.14pt;position:var(--position)"></span><span style="left:36.14pt;position:var(--position)">0.87<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:151.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(12,396)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:151.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:31.94pt;position:var(--position)"></span><span style="left:31.94pt;position:var(--position)">(52.14)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:151.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(433)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:151.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:38.57pt;position:var(--position)"></span><span style="left:38.57pt;position:var(--position)">1.20<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:184.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Unrecognized deferred tax asset</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:184.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:184.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:184.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:184.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:184.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">83,984<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:184.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.52pt;position:var(--position)"></span><span style="left:27.52pt;position:var(--position)">(232.63)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:197.25pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation of subsidiary</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:197.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:197.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:197.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,863<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:197.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:34.15pt;position:var(--position)"></span><span style="left:34.15pt;position:var(--position)">16.25<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:197.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(17,506)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:197.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:34.15pt;position:var(--position)"></span><span style="left:34.15pt;position:var(--position)">48.49<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:208.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Cancellation of Debt Income</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:208.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:208.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:208.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(987)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:208.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36.36pt;position:var(--position)"></span><span style="left:36.36pt;position:var(--position)">(4.15)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:208.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:208.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:33.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:219.75pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:3.36pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Current year losses and credits for </span></div><div style="line-height:8.5pt;position:var(--position);top:13.56pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">which no deferred tax asset is </span></div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">recognized</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:219.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">27,288<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:219.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:28.6pt;position:var(--position)"></span><span style="left:28.6pt;position:var(--position)">(24.60)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:219.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:219.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:219.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:219.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:253.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Uncertain tax positions</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:253.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,208<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:253.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.63pt;position:var(--position)"></span><span style="left:33.63pt;position:var(--position)">(1.09)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:253.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:253.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:253.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:253.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:264.75pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:264.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.54pt"></span></span><span style="left:41.17pt;position:var(--position)">(66)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:264.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:36.14pt;position:var(--position)"></span><span style="left:36.14pt;position:var(--position)">0.06<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:264.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">755<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:264.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:38.57pt;position:var(--position)"></span><span style="left:38.57pt;position:var(--position)">3.16<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:264.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,321<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:264.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36.36pt;position:var(--position)"></span><span style="left:36.36pt;position:var(--position)">(3.65)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:276pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Worthless stock deduction</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:276pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:276pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:276pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(833)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:276pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36.36pt;position:var(--position)"></span><span style="left:36.36pt;position:var(--position)">(3.50)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:276pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(17,281)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:276pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:34.15pt;position:var(--position)"></span><span style="left:34.15pt;position:var(--position)">47.87<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:287.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(842)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:287.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:36.14pt;position:var(--position)"></span><span style="left:36.14pt;position:var(--position)">0.76<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:287.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(4,008)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:287.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:31.94pt;position:var(--position)"></span><span style="left:31.94pt;position:var(--position)">(16.86)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:287.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">30,525<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:287.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:31.94pt;position:var(--position)"></span><span style="left:31.94pt;position:var(--position)">(84.52)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:755.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group is also subject to taxation in the UK, but to date, no taxable income has been generated in the UK. Changes in corporate </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:765.41pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">tax rates can change both the current tax expense (benefit) as well as the deferred tax expense (benefit). </span></div></div><div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">27.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Taxation continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Deferred Tax Assets and Liabilities </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax assets have been recognized in the U.S. jurisdiction in respect of the following items:</span></div><div style="position:var(--position);top:135.66pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:381pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended December 31,</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Operating tax losses</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">33,810<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,621<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax credits</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">272<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">238<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share-based payments</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">5,989<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">6,206<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Capitalized research &amp; development expenditures</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">40,696<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">48,904<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Lease liability</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,912<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,851<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Sale of future royalties </span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">53,321<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">42,406<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax assets</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">137,999<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">105,226<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investments held at fair value</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:98.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(31,289)</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:98.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(23,565)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:109.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Right of use assets</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:109.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(1,679)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:109.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(2,143)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Property and equipment, net</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:120.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(796)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:120.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(1,235)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in associates</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:132pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:132pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(637)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:143.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Other temporary differences</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:143.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(2,198)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:143.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(1,900)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax liabilities</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:154.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(35,962)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:154.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(29,480)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:165.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax assets (liabilities), net</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:165.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">102,037<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:165.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">75,746<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax assets (liabilities), net, not recognized</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:177pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">102,037<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:177pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">75,746<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:334.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:61.099999999999994pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:134.04pt;position:var(--position);text-decoration:none;white-space:pre">, the Group does not have sufficient taxable temporary differences; has a history of losses; and does not </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:344.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">believe it is probable future profits will be available to support the recognition of its deferred tax assets. The unrecognized deferred </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:354.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">tax assets of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:88.00999999999999pt;position:var(--position);text-decoration:none;white-space:pre">$102,037</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:121.16pt;position:var(--position);text-decoration:none;white-space:pre"> are primarily related to capitalized research &amp; development expenditures, net operating loss carryforwards </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:364.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">and deferred tax asset related to the sale of future royalties to Royalty Pharma. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:381.96pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Unrecognized Deferred Tax Assets</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:392.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax assets have not been recognized in respect of the following carryforward losses, credits and temporary differences, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:402.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">because it is not probable that future taxable profit will be available against which the Group can use the benefits therefrom.</span></div><div style="position:var(--position);top:419.96pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:264pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:114pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:114pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:48.72pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:114pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:54.93pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:114pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:55.05pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td rowspan="2" style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:264pt"><div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended December 31,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:7.52pt;position:var(--position);text-decoration:none;white-space:pre">Gross Amount</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:13.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax Effected</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.55pt;position:var(--position);text-decoration:none;white-space:pre">Gross Amount</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:15.39pt;position:var(--position);text-decoration:none;white-space:pre">Tax Effected</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deductible temporary difference</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:29.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">254,843<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:29.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">67,955<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:29.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">274,227<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:29.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">72,887<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax losses*</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:40.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">123,691<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:40.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">33,810<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:40.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">7,815<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:40.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,621<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax credits</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:51.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">272<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:51.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">272<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:51.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">238<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:51.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">238<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:63pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">378,806<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:63pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">102,037<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:63pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">282,280<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:63pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">75,746<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:507.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:42.52pt;position:var(--position)">*<span style="display:inline-block;height:4.53pt;width:8.68pt"></span></span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:53.86pt;position:var(--position);text-decoration:none;white-space:pre">The gross amou</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:96.5pt;position:var(--position);text-decoration:none;white-space:pre">nt in the table above represents federal tax losses; tax-effected amounts reflect both federal and state net operating losses. See the footnote disclosure below for </span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:514.21pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:53.86pt;position:var(--position);text-decoration:none;white-space:pre">details  on gross state tax net operating losses carryforwards. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:531.61pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Tax Losses and Tax Credits Carryforwards </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:541.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Tax losses and tax credits for which no deferred tax asset was recognized are presented below:</span></div><div style="position:var(--position);top:559.61pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:264pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td rowspan="3" style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:264pt"><div><div style="line-height:7pt;position:var(--position);top:20.76pt;width:264pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31,</span></div></div></div></td><td colspan="2" rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:114pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:114pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:48.72pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:114pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:54.93pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:114pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:55.05pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:7.52pt;position:var(--position);text-decoration:none;white-space:pre">Gross Amount</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:13.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax Effected</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.55pt;position:var(--position);text-decoration:none;white-space:pre">Gross Amount</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:15.39pt;position:var(--position);text-decoration:none;white-space:pre">Tax Effected</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax losses expiring:</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Within 10 years</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:40.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">2,382<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:40.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">593<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:40.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,537<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:40.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">416<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">More than 10 years</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:51.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">2,440<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:51.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">7,604<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:51.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,285<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:51.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">729<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Available Indefinitely</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:63pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">118,870<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:63pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">25,613<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:63pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,993<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:63pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,476<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total*</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:74.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">123,691<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:74.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">33,810<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:74.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">7,815<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:74.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,621<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax credits expiring:</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96.75pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Within 10 years</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:96.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">91<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:96.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">91<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:96.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">44<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:96.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">44<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">More than 10 years</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:108pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">181<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:108pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">181<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:108pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">194<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:108pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">194<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:119.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Available indefinitely</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:130.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:130.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">272<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:130.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">272<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:130.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">238<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:130.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">238<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:714.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:39.69pt;position:var(--position)">*<span style="display:inline-block;height:4.53pt;width:8.68pt"></span></span><span style="left:51.03pt;position:var(--position)">The gross amount in the table above represents federal tax losses; tax-effected amounts reflect both federal and state net operating losses. See the footnote disclosure below for </span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:721.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">details on gross state tax net operating losses carryforwards.</span></div></div><div style="position:var(--position);top:83.91pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">27.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Taxation continued</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:107.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group had U.S. federal net operating losses carry forwards (“NOLs”) of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:342.36pt;position:var(--position);text-decoration:none;white-space:pre">$123,691</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:375.51pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:379.93pt;position:var(--position);text-decoration:none;white-space:pre">$7,815</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:404.24pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:422.98pt;position:var(--position);text-decoration:none;white-space:pre">$13,681</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:451.71pt;position:var(--position);text-decoration:none;white-space:pre"> as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:473.92pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:546.86pt;position:var(--position);text-decoration:none;white-space:pre">, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:117.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:74.37pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:93.11pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:110.78999999999999pt;position:var(--position);text-decoration:none;white-space:pre">, respectively, which are available to offset future taxable income. These NOLs expire through 2037 with the exception </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:127.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:66.45pt;position:var(--position);text-decoration:none;white-space:pre">$118,870</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:99.6pt;position:var(--position);text-decoration:none;white-space:pre">, which is not subject to expiration, and can be utilized up to 80% of annual taxable income. The Group had U.S. federal </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:137.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">research and development tax credits of approximately </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:266.88pt;position:var(--position);text-decoration:none;white-space:pre">$272</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:284.56pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:288.98pt;position:var(--position);text-decoration:none;white-space:pre">$238</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:306.65999999999997pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:325.4pt;position:var(--position);text-decoration:none;white-space:pre">$1,396</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:349.71pt;position:var(--position);text-decoration:none;white-space:pre"> as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:371.92pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:444.86pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:449.28pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:466.96pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:485.7pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:503.38pt;position:var(--position);text-decoration:none;white-space:pre">, respectively, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:147.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">which are available to offset future taxes that expire at various dates through 2044. A portion of these federal NOLs and credits can </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:157.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">only be used to offset the profits from the Group’s subsidiaries who file separate federal tax returns. These NOLs and credits are </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:167.66pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">subject to review and possible adjustment by the Internal Revenue Service.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:185.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group had state net operating losses carry forwards (“NOLs”) of approximately </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:373.35pt;position:var(--position);text-decoration:none;white-space:pre">$376,066</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:406.5pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:410.92pt;position:var(--position);text-decoration:none;white-space:pre">$125,322</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:444.07pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:462.81pt;position:var(--position);text-decoration:none;white-space:pre">$111,446</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:495.96pt;position:var(--position);text-decoration:none;white-space:pre"> for the years </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:195.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">ended </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:83.44pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:156.38pt;position:var(--position);text-decoration:none;white-space:pre">, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:160.8pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:178.48000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:197.22pt;position:var(--position);text-decoration:none;white-space:pre">2023</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:214.9pt;position:var(--position);text-decoration:none;white-space:pre">, respectively, which are available to offset future taxable income. These NOLs expire at </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:205.46pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">various dates beginning in 2030. These NOLs are subject to review and possible adjustment by state taxing authority.</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:223.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Utilization of the NOLs and research and development credit carryforwards may be subject to a substantial annual limitation under </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:233.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Section 382 of the Internal Revenue Code of 1986 due to ownership change limitations that have occurred previously or that could </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:243.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">occur in the future. These ownership changes may limit the amount of NOL and research and development credit carryforwards that </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:253.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">can be utilized annually to offset future taxable income and tax, respectively. The Group has performed a Section 382 analysis </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:263.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">through </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:88.94999999999999pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:161.89pt;position:var(--position);text-decoration:none;white-space:pre">. The results of this analysis concluded that certain net operating losses were subject to limitation under </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:273.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Section 382 of the Internal Revenue Code. None of the Group’s net operating losses, which are subject to a Section 382 limitation, </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:283.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">has been recognized in the financial statements. </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:301.06pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Tax Balances</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:311.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The tax related balances presented in the Consolidated Statement of Financial Position are as follows:</span></div><div style="position:var(--position);top:329.06pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9pt"><td rowspan="2" style="background-color:#ffffff;border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:381pt"><div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended December 31,</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td colspan="3" style="display:none"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income tax receivable – current </span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.87pt"></span></span><span style="left:32.5pt;position:var(--position)">6,372<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:381pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax liability – current</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:33pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(1,208)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:33pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:40.36pt"></span></span><span style="left:42.99pt;position:var(--position)">(75)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:387.61pt;width:594.99pt"><span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Uncertain Tax Positions</span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:397.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group has recorded an uncertain tax position reserve of approximately </span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:341.96pt;position:var(--position);text-decoration:none;white-space:pre">$1,208</span><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:367.92pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:370.28pt;position:var(--position);text-decoration:none;white-space:pre">as of </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:390.28pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:463.21999999999997pt;position:var(--position);text-decoration:none;white-space:pre">, inclusive of interest </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:407.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">and penalties, related to a state audit. U.S. corporations are routinely subject to audit by federal and state tax authorities in the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:417.81pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">normal course of business.</span></div> 0.80 0.80 0.80 0.50 0.50 0.50 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Amounts recognized in Consolidated Statement of Comprehensive Income/(Loss):</span><div style="position:var(--position);top:125.46pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:324pt"><div><div style="line-height:7pt;position:var(--position);top:2.63pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended December 31,</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income/(loss) for the year</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.91pt"></span></span><span style="left:18.54pt;position:var(--position)">(110,084)</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">27,782<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(66,628)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income tax expense/(benefit)</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(842)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(4,008)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">30,525<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income/(loss) before taxes</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:15.91pt"></span></span><span style="left:18.54pt;position:var(--position)">(110,927)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">23,774<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(36,103)</span></span></div></div></div></td></tr></tbody></table></div></div></div> -110084000 27782000 -66628000 -842000 -4008000 30525000 -110927000 23774000 -36103000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Recognized Income Tax Expense/(Benefit):</span><div style="position:var(--position);top:206.76pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:324pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:324pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended December 31,</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Federal - current</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">874<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">35,310<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(2,246)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">State - current</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,018<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">13,144<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:40.36pt"></span></span><span style="left:42.99pt;position:var(--position)">(46)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total current income tax expense/(benefit)</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,892<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">48,454<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(2,292)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Federal - deferred</span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(2,734)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(46,442)</span></span></div></div></div></td><td style="border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">29,294<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">State - deferred</span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(6,020)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,523<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total deferred income tax expense/(benefit)</span></div></div></div></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(2,734)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(52,462)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">32,817<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:324pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:324pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total income tax expense/(benefit), recognized</span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:324pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(842)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(4,008)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000;border-top:0.25pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">30,525<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 874000 35310000 -2246000 1018000 13144000 -46000 1892000 48454000 -2292000 -2734000 -46442000 29294000 0 -6020000 3523000 -2734000 -52462000 32817000 -842000 -4008000 30525000 -842000 -4008000 30525000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group is primarily subject to taxation in the U.S. A reconciliation of the U.S. federal statutory tax rate to the effective tax rate </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:428.86pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">is as f</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:77.31pt;position:var(--position);text-decoration:none;white-space:pre">ollows:</span></div><div style="position:var(--position);top:446.66pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:147pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:48.72pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:114pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2023</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:147pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended December 31,</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:48.03pt;position:var(--position);text-decoration:none;white-space:pre">%</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:48.54pt;position:var(--position);text-decoration:none;white-space:pre">%</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:9.75pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:48.54pt;position:var(--position);text-decoration:none;white-space:pre">%</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">US federal statutory rate</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(23,295)</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:31.11pt;position:var(--position)"></span><span style="left:31.11pt;position:var(--position)">21.00<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,994<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:34.15pt;position:var(--position)"></span><span style="left:34.15pt;position:var(--position)">21.00<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(7,573)</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:34.15pt;position:var(--position)"></span><span style="left:34.15pt;position:var(--position)">21.00<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">State taxes, net of federal effect</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(5,664)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:36.14pt;position:var(--position)"></span><span style="left:36.14pt;position:var(--position)">5.11<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,026<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:38.57pt;position:var(--position)"></span><span style="left:38.57pt;position:var(--position)">4.32<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(3,974)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:34.15pt;position:var(--position)"></span><span style="left:34.15pt;position:var(--position)">11.01<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax credits</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(1,772)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:36.14pt;position:var(--position)"></span><span style="left:36.14pt;position:var(--position)">1.60<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(2,517)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:31.94pt;position:var(--position)"></span><span style="left:31.94pt;position:var(--position)">(10.59)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(9,167)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:34.15pt;position:var(--position)"></span><span style="left:34.15pt;position:var(--position)">25.39<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Stock-based compensation</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">777<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.63pt;position:var(--position)"></span><span style="left:33.63pt;position:var(--position)">(0.70)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,123<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:38.57pt;position:var(--position)"></span><span style="left:38.57pt;position:var(--position)">8.93<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">589<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36.36pt;position:var(--position)"></span><span style="left:36.36pt;position:var(--position)">(1.63)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:0.81pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Finance income/(costs) – fair value </span></div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">accounting</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">769<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.63pt;position:var(--position)"></span><span style="left:33.63pt;position:var(--position)">(0.69)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,640<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:38.57pt;position:var(--position)"></span><span style="left:38.57pt;position:var(--position)">6.90<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(556)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:38.57pt;position:var(--position)"></span><span style="left:38.57pt;position:var(--position)">1.54<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:33.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:3.36pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Loss with respect to associate for </span></div><div style="line-height:8.5pt;position:var(--position);top:13.56pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">which no deferred tax asset is </span></div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">recognized</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:85.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">639<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:85.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.63pt;position:var(--position)"></span><span style="left:33.63pt;position:var(--position)">(0.58)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:85.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">210<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:85.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:38.57pt;position:var(--position)"></span><span style="left:38.57pt;position:var(--position)">0.88<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:85.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">249<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:85.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36.36pt;position:var(--position)"></span><span style="left:36.36pt;position:var(--position)">(0.69)</span></span></div></div></div></td></tr><tr style="height:21pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:119.25pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:0.81pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Revaluation of deferred due to rate </span></div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">change</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(271)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:36.14pt;position:var(--position)"></span><span style="left:36.14pt;position:var(--position)">0.24<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(3,419)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:31.94pt;position:var(--position)"></span><span style="left:31.94pt;position:var(--position)">(14.38)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Nondeductible compensation</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:140.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">505<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:140.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.63pt;position:var(--position)"></span><span style="left:33.63pt;position:var(--position)">(0.46)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:140.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,534<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:140.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:38.57pt;position:var(--position)"></span><span style="left:38.57pt;position:var(--position)">6.45<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:140.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">872<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:140.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36.36pt;position:var(--position)"></span><span style="left:36.36pt;position:var(--position)">(2.42)</span></span></div></div></div></td></tr><tr style="height:33pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:151.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.61pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Recognition of deferred tax assets </span></div><div style="line-height:8.5pt;position:var(--position);top:12.81pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">and tax benefits not previously </span></div><div style="line-height:8.5pt;position:var(--position);top:23.01pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">recognized</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:151.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.01pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(962)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:151.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.01pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:36.14pt;position:var(--position)"></span><span style="left:36.14pt;position:var(--position)">0.87<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:151.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(12,396)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:151.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:31.94pt;position:var(--position)"></span><span style="left:31.94pt;position:var(--position)">(52.14)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:151.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(433)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:151.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:38.57pt;position:var(--position)"></span><span style="left:38.57pt;position:var(--position)">1.20<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:184.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Unrecognized deferred tax asset</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:184.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:184.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:184.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:184.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:184.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">83,984<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:184.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:27.52pt;position:var(--position)"></span><span style="left:27.52pt;position:var(--position)">(232.63)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:197.25pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deconsolidation of subsidiary</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:197.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:197.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:197.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,863<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:197.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:34.15pt;position:var(--position)"></span><span style="left:34.15pt;position:var(--position)">16.25<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:197.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(17,506)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:197.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:34.15pt;position:var(--position)"></span><span style="left:34.15pt;position:var(--position)">48.49<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:208.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Cancellation of Debt Income</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:208.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:208.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:208.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(987)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:208.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36.36pt;position:var(--position)"></span><span style="left:36.36pt;position:var(--position)">(4.15)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:208.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:208.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:33.75pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:219.75pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:3.36pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Current year losses and credits for </span></div><div style="line-height:8.5pt;position:var(--position);top:13.56pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">which no deferred tax asset is </span></div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">recognized</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:219.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">27,288<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:219.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:28.6pt;position:var(--position)"></span><span style="left:28.6pt;position:var(--position)">(24.60)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:219.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:219.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:219.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:219.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:23.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:253.5pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Uncertain tax positions</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:253.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">1,208<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:253.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:33.63pt;position:var(--position)"></span><span style="left:33.63pt;position:var(--position)">(1.09)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:253.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:253.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:253.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:253.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:264.75pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:264.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.54pt"></span></span><span style="left:41.17pt;position:var(--position)">(66)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:264.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:36.14pt;position:var(--position)"></span><span style="left:36.14pt;position:var(--position)">0.06<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:264.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">755<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:264.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:38.57pt;position:var(--position)"></span><span style="left:38.57pt;position:var(--position)">3.16<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:264.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,321<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:264.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36.36pt;position:var(--position)"></span><span style="left:36.36pt;position:var(--position)">(3.65)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:276pt;width:147pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:147pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Worthless stock deduction</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:276pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:276pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:276pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(833)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:276pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36.36pt;position:var(--position)"></span><span style="left:36.36pt;position:var(--position)">(3.50)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:276pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(17,281)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:276pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:34.15pt;position:var(--position)"></span><span style="left:34.15pt;position:var(--position)">47.87<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:147pt;position:var(--position);top:287.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(842)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:204pt;position:var(--position);top:287.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:36.14pt;position:var(--position)"></span><span style="left:36.14pt;position:var(--position)">0.76<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:287.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(4,008)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:287.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:31.94pt;position:var(--position)"></span><span style="left:31.94pt;position:var(--position)">(16.86)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:287.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">30,525<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:287.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:31.94pt;position:var(--position)"></span><span style="left:31.94pt;position:var(--position)">(84.52)</span></span></div></div></div></td></tr></tbody></table></div></div></div> -23295000 0.2100 4994000 0.2100 -7573000 0.2100 -5664000 0.0511 1026000 0.0432 -3974000 0.1101 1772000 -0.0160 2517000 0.1059 9167000 -0.2539 777000 -0.0070 2123000 0.0893 589000 -0.0163 769000 -0.0069 1640000 0.0690 -556000 0.0154 639000 -0.0058 210000 0.0088 249000 -0.0069 -271000 0.0024 -3419000 -0.1438 0 0 505000 -0.0046 1534000 0.0645 872000 -0.0242 962000 -0.0087 12396000 0.5214 433000 -0.0120 0 0 0 0 83984000 -2.3263 0 0 -3863000 -0.1625 17506000 -0.4849 0 0 -987000 -0.0415 0 0 -27288000 0.2460 0 0 0 0 -1208000 0.0109 0 0 0 0 -66000 0.0006 755000 0.0316 1321000 -0.0365 0 0 -833000 -0.0350 -17281000 0.4787 -842000 0.0076 -4008000 -0.1686 30525000 -0.8452 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax assets have been recognized in the U.S. jurisdiction in respect of the following items:</span><div style="position:var(--position);top:135.66pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:381pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended December 31,</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:19.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Operating tax losses</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">33,810<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,621<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax credits</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">272<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:30.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">238<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Share-based payments</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">5,989<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:42pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">6,206<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:53.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Capitalized research &amp; development expenditures</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">40,696<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:53.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">48,904<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:64.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Lease liability</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">3,912<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:64.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">4,851<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Sale of future royalties </span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">53,321<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:75.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">42,406<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax assets</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">137,999<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:87pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">105,226<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:98.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investments held at fair value</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:98.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(31,289)</span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:98.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(23,565)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:109.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Right of use assets</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:109.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(1,679)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:109.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(2,143)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Property and equipment, net</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:120.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:33.51pt"></span></span><span style="left:36.14pt;position:var(--position)">(796)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:120.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(1,235)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Investment in associates</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:132pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:132pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:35.94pt"></span></span><span style="left:38.57pt;position:var(--position)">(637)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:143.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Other temporary differences</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:143.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(2,198)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:143.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.31pt"></span></span><span style="left:31.939999999999998pt;position:var(--position)">(1,900)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:154.5pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax liabilities</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:154.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:20.94pt"></span></span><span style="left:23.57pt;position:var(--position)">(35,962)</span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:154.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:24.89pt"></span></span><span style="left:27.52pt;position:var(--position)">(29,480)</span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:165.75pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax assets (liabilities), net</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:165.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">102,037<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:165.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">75,746<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax assets (liabilities), net, not recognized</span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:177pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">102,037<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:177pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">75,746<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 33810000 2621000 272000 238000 5989000 6206000 40696000 48904000 3912000 4851000 53321000 42406000 137999000 105226000 31289000 23565000 1679000 2143000 796000 1235000 0 637000 2198000 1900000 35962000 29480000 -102037000 -75746000 102037000 75746000 102037000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax assets have not been recognized in respect of the following carryforward losses, credits and temporary differences, </span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:402.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">because it is not probable that future taxable profit will be available against which the Group can use the benefits therefrom.</span></div><div style="position:var(--position);top:419.96pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:264pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:114pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:114pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:48.72pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:114pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:54.93pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:114pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:55.05pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td rowspan="2" style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:9.75pt;width:264pt"><div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended December 31,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:7.52pt;position:var(--position);text-decoration:none;white-space:pre">Gross Amount</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:13.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax Effected</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.55pt;position:var(--position);text-decoration:none;white-space:pre">Gross Amount</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:15.39pt;position:var(--position);text-decoration:none;white-space:pre">Tax Effected</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Deductible temporary difference</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:29.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">254,843<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:29.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">67,955<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:29.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">274,227<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:29.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">72,887<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax losses*</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:40.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">123,691<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:40.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">33,810<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:40.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">7,815<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:40.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,621<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax credits</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:51.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">272<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:51.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">272<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:51.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">238<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:51.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">238<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:63pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">378,806<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:63pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">102,037<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:63pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:22.68pt"></span></span><span style="left:25.31pt;position:var(--position)">282,280<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:63pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:27.1pt"></span></span><span style="left:29.73pt;position:var(--position)">75,746<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:507.01pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:42.52pt;position:var(--position)">*<span style="display:inline-block;height:4.53pt;width:8.68pt"></span></span></span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:53.86pt;position:var(--position);text-decoration:none;white-space:pre">The gross amou</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:96.5pt;position:var(--position);text-decoration:none;white-space:pre">nt in the table above represents federal tax losses; tax-effected amounts reflect both federal and state net operating losses. See the footnote disclosure below for </span></div>details  on gross state tax net operating losses carryforwards. 254843000 67955000 274227000 72887000 123691000 33810000 7815000 2621000 272000 272000 238000 238000 378806000 102037000 282280000 75746000 <span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:39.69pt;position:var(--position);text-decoration:none;white-space:pre">Tax losses and tax credits for which no deferred tax asset was recognized are presented below:</span><div style="position:var(--position);top:559.61pt;width:594.99pt"><div style="font-size:0pt;left:39.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:264pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9.75pt"><td rowspan="3" style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:264pt"><div><div style="line-height:7pt;position:var(--position);top:20.76pt;width:264pt"><span style="font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Balance as of December 31,</span></div></div></div></td><td colspan="2" rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);width:114pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:114pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:48.72pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:114pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:54.93pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td colspan="2" rowspan="2" style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:114pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:2.61pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:49.22pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.01pt;width:114pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:55.05pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:9.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:9.75pt"><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:7.52pt;position:var(--position);text-decoration:none;white-space:pre">Gross Amount</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:13.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax Effected</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:9.55pt;position:var(--position);text-decoration:none;white-space:pre">Gross Amount</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:19.5pt;width:57pt"><div><div style="line-height:7pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:15.39pt;position:var(--position);text-decoration:none;white-space:pre">Tax Effected</span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:29.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax losses expiring:</span></div></div></div></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Within 10 years</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:40.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">2,382<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:40.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">593<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:40.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,537<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:40.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">416<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">More than 10 years</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:51.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">2,440<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:51.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:28.48pt"></span></span><span style="left:31.11pt;position:var(--position)">7,604<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:51.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">3,285<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:51.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">729<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Available Indefinitely</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:63pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">118,870<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:63pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">25,613<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:63pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,993<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:63pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">1,476<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:74.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total*</span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:74.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:18.42pt"></span></span><span style="left:21.05pt;position:var(--position)">123,691<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:74.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:23.45pt"></span></span><span style="left:26.08pt;position:var(--position)">33,810<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:74.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">7,815<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #000000;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:74.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:31.52pt"></span></span><span style="left:34.15pt;position:var(--position)">2,621<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax credits expiring:</span></div></div></div></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:0.25pt solid #000000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:96.75pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Within 10 years</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:96.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">91<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:96.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:41.05pt"></span></span><span style="left:43.68pt;position:var(--position)">91<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:96.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">44<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:96.75pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.57pt"></span></span><span style="left:45.2pt;position:var(--position)">44<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">More than 10 years</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:108pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">181<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:108pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">181<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:108pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">194<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:108pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">194<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:119.25pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Available indefinitely</span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.61pt"></span></span><span style="left:45.24pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:119.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:11.25pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:130.5pt;width:264pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:264pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:264pt;position:var(--position);top:130.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">272<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:321pt;position:var(--position);top:130.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:36.02pt"></span></span><span style="left:38.650000000000006pt;position:var(--position)">272<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:130.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">238<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:130.5pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:1.26pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:38.15pt"></span></span><span style="left:40.78pt;position:var(--position)">238<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:714.16pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:39.69pt;position:var(--position)">*<span style="display:inline-block;height:4.53pt;width:8.68pt"></span></span><span style="left:51.03pt;position:var(--position)">The gross amount in the table above represents federal tax losses; tax-effected amounts reflect both federal and state net operating losses. See the footnote disclosure below for </span></span></div><div style="font-size:12pt;line-height:6pt;position:var(--position);top:721.36pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:6pt;font-style:normal;font-weight:normal;left:51.03pt;position:var(--position);text-decoration:none;white-space:pre">details on gross state tax net operating losses carryforwards.</span></div> 2382000 593000 1537000 416000 2440000 7604000 3285000 729000 118870000 25613000 2993000 1476000 123691000 33810000 7815000 2621000 91000 91000 44000 44000 181000 181000 194000 194000 0 0 0 0 272000 272000 238000 238000 123691000 7815000 13681000 118870000 272000 238000 1396000 376066000 125322000 111446000 <span style="color:#183964;font-family:'Avenir LT Pro 65 Medium', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Tax Balances</span><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:311.26pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The tax related balances presented in the Consolidated Statement of Financial Position are as follows:</span></div><div style="position:var(--position);top:329.06pt;width:594.99pt"><div style="font-size:0pt;left:56.69pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:381pt"></td><td style="padding:0;width:57pt"></td><td style="padding:0;width:57pt"></td></tr><tr style="height:9pt"><td rowspan="2" style="background-color:#ffffff;border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:381pt"><div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">For the year ended December 31,</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:37.81pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:7pt;font-style:normal;font-weight:bold;left:50.23pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td><td rowspan="2" style="border-bottom:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);width:57pt"><div><div style="font-size:12pt;line-height:7pt;position:var(--position);top:3.36pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:38.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div><div style="line-height:7pt;position:var(--position);top:11.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 45 Book', sans-serif;font-size:7pt;font-style:normal;font-weight:normal;left:50.48pt;position:var(--position);text-decoration:none;white-space:pre">$</span></div></div></div></td></tr><tr style="height:11.25pt"><td colspan="3" style="display:none"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.25pt solid #001544;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:20.25pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:381pt"><span style="color:#000000;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Income tax receivable – current </span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:29.87pt"></span></span><span style="left:32.5pt;position:var(--position)">6,372<span style="display:inline-block;height:6.42pt;width:2.51pt"></span></span></span></div></div></div></td><td style="border-bottom:0.25pt solid #001544;border-top:0.25pt solid #183964;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:20.25pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:42.91pt"></span></span><span style="left:45.54pt;position:var(--position)">—<span style="display:inline-block;height:6.42pt;width:2.21pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:33pt;width:381pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:381pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">Tax liability – current</span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:381pt;position:var(--position);top:33pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#000000;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:25.97pt"></span></span><span style="left:28.599999999999998pt;position:var(--position)">(1,208)</span></span></div></div></div></td><td style="border-bottom:0.5pt solid #001544;border-top:0.25pt solid #001544;font-size:0;text-align:left;vertical-align:top"><div style="left:438pt;position:var(--position);top:33pt;width:57pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.76pt;width:57pt"><span style="color:#183964;font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.42pt;width:40.36pt"></span></span><span style="left:42.99pt;position:var(--position)">(75)</span></span></div></div></div></td></tr></tbody></table></div></div></div> 6372000 0 1208000 75000 1208000 <div style="font-size:0pt;left:56.69pt;position:var(--position);width:495.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:15.75pt"></td><td style="padding:0;width:480pt"></td></tr><tr style="height:18.75pt"><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:15.75pt"><div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:2.63pt;width:15.75pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:0.08pt;position:var(--position);text-decoration:none;white-space:pre">28.</span></div></div></div></td><td style="border-bottom:0.25pt solid #17174b;border-top:0.25pt solid #17174b;font-size:0;text-align:left;vertical-align:top"><div style="left:15.75pt;position:var(--position);width:480pt"><div><div style="line-height:8.5pt;position:var(--position);top:2.63pt;width:480pt"><span style="color:#183964;font-family:'Avenir LT Pro 85 Heavy', sans-serif;font-size:8.5pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Subsequent Events</span></div></div></div></td></tr></tbody></table></div></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:466.56pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">The Group has evaluated subsequent events after </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:246.47pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:319.41pt;position:var(--position);text-decoration:none;white-space:pre">, up to the date of issuance, </span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:425.98pt;position:var(--position);text-decoration:none;white-space:pre">April 29, 2026</span><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:477.05pt;position:var(--position);text-decoration:none;white-space:pre">, of the </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:476.56pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated Financial Statements, and has not identified any recordable or disclosable events not otherwise reported in these </span></div><div style="font-size:12pt;line-height:8.5pt;position:var(--position);top:486.56pt;width:594.99pt"><span style="font-family:'Avenir LT Pro 35 Light', sans-serif;font-size:8.5pt;font-style:normal;font-weight:normal;left:56.69pt;position:var(--position);text-decoration:none;white-space:pre">Consolidated Financial Statements or notes thereto.</span></div>