v3.26.1
Share-Based compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based compensation  
Schedule of changes of period for equity-settled warrant plans

​

​

​

​

​

​

Number of shares (after share split) warrants give right to across all plans

  ​ ​ ​

2026

  ​ ​ ​

2025

Outstanding at January 1

 

3,207,819

 

2,258,319

Granted

 

656,552

 

658,374

Forfeited

 

(56,231)

 

(37,377)

Exercised

 

—

 

(13,875)

Expired

​

(76,250)

​

(67,500)

Outstanding as at June 30

 

3,731,890

 

2,797,941

Exercisable as at June 30

 

2,234,941

 

1,715,849

Schedule of input to Black-Scholes model for warrants granted

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Plan 2024 

  ​ ​ ​

Plan 2025 

  ​ ​ ​

Plan 2025-2

 

​

​

(grant Jun 26 

​

(grant Jun 26 

​

(grant Jun 26 

 

​

​

2026)

​

2026)

​

2026)

 

Return Dividend

 

0

%  

0

%  

0

%

Expected volatility

 

68.60

%  

68.60

%  

68.60

%

Risk-free interest rate

 

2.71

%  

2.71

%  

2.71

%

Expected life

 

3

 

3

 

3

​

Exercise price

 

1.53

 

1.53

 

1.53

​

Stock price

 

1.53

 

1.53

 

1.53

​

Fair value

 

0.75

 

0.75

 

0.75

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Plan 2021 

  ​ ​ ​

Plan 2021 

  ​ ​ ​

Plan 2021 

  ​ ​ ​

Plan 2021 

 

​

​

(grant Sept 17 

​

(grant Oct 27 

​

(grant Feb 21 

​

(grant May 14 

 

​

​

2021)

​

2021)

​

2022)

​

2022)

 

Return Dividend

 

0

%  

0

%  

0

%  

0

%

Expected volatility

​

68.59

%  

68.59

%  

68.59

%  

68.59

%

Risk-free interest rate

 

2.71

%  

2.71

%  

2.71

%  

2.71

%

Expected life

 

2

 

2

 

2

 

2

​

Exercise price

 

1.53

 

1.53

 

1.53

 

1.53

​

Stock price

 

1.53

 

1.53

 

1.53

 

1.53

​

Fair value

 

0.60

 

0.60

 

0.60

 

0.60

​

Incremental Fair value

 

0.47-0.59*

 

0.47-0.59*

 

0.47-0.59*

 

0.47-0.58*

​

*Incremental fair value of the warrants that were not repriced on March 24, 2023.

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Plan 2021 

  ​ ​ ​

Plan 2022

  ​ ​ ​

Plan 2022

  ​ ​ ​

Plan 2022

 

​

​

(grant March 24 

​

(grant Feb 01 

​

(grant Apr 21 

​

(grant Aug 2 

 

​

​

2023)

​

2024)

​

2024)

​

2024)

 

Return Dividend

 

0

%  

0

%  

0

%  

0

%

Expected volatility

 

68.59

%  

68.59

%  

68.59

%  

68.59

%

Risk-free interest rate

 

2.71

%  

2.71

%  

2.71

%  

2.71

%

Expected life

 

2

 

2

 

2

 

2

​

Exercise price

 

1.53

 

1.53

 

1.53

 

1.53

​

Stock price

 

1.53

 

1.53

 

1.53

 

1.53

​

Fair value

 

0.60

 

0.60

 

0.60

 

0.60

​

Incremental Fair value

 

0.47

 

0.46

 

0.55

 

0.53-0.55

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Plan 2024

  ​ ​ ​

Plan 2024

  ​ ​ ​

Plan 2024

  ​ ​ ​

Plan 2025

 

​

​

(grant Sept 18

​

(grant Nov 25

​

(grant Feb 1

​

(grant Feb 1

​

​

​

2024)

​

2024)

​

2025)

​

2025)

 

Return Dividend

 

0

%  

0

%  

0

%  

0

%

Expected volatility

 

68.59

%  

68.59

%  

68.59

%  

68.59

%

Risk-free interest rate

 

2.71

%  

2.71

%  

2.71

%  

2.71

%

Expected life

 

2

 

2

 

2

 

2

​

Exercise price

 

1.53

 

1.53

 

1.53

 

1.53

​

Stock price

 

1.53

 

1.53

 

1.53

 

1.53

​

Fair value

 

0.60

 

0.60

 

0.60

 

0.60

​

Incremental Fair value

​

0.52

​

0.53

​

0.55

​

0.56

​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Plan 2025

  ​ ​ ​

Plan 2025

  ​ ​ ​

Plan 2025

  ​ ​ ​

2024 Plan

​

​

​

(grant Mar 14 

​

(grant Apr 8

​

(grant May 5

​

(grant Sept 6

​

​

 

 2025)

 

 2025)

 

 2025)

 

 2025)

 

Return Dividend

 

0

%  

0

%  

0

%  

0

%

Expected volatility

 

68.59

%  

68.59

%  

68.59

%  

68.59

%

Risk-free interest rate

 

2.71

%  

2.71

%  

2.71

%  

2.71

%

Expected life

 

2

 

2

 

2

 

2

 

Exercise price

 

1.53

 

1.53

 

1.53

 

1.53

 

Stock price

 

1.53

 

1.53

 

1.53

 

1.53

 

Fair value

 

0.60

 

0.60

 

0.61

 

0.65

​

Incremental Fair value

​

0.56

​

0.52

​

0.48

​

0.45

 

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

2025 Plan

  ​ ​ ​

2025 Plan

  ​ ​ ​

2025-2 Plan

  ​ ​ ​

2025-2 Plan

 

​

​

(grant Sept 6

​

(grant Oct 13

​

(grant Oct 13

​

(grant Jan 18

​

​

​

 2025)

​

 2025)

​

 2025)

​

 2026)

​

Return Dividend

 

0

%  

0

%  

0

%  

0

%

Expected volatility

 

68.59

%  

68.59

%  

68.59

%  

68.59

%

Risk-free interest rate

 

2.71

%  

2.71

%  

2.71

%  

2.71

%

Expected life

 

2

 

3

 

3

 

3

 

Exercise price

 

1.53

 

1.53

 

1.53

 

1.53

 

Stock price

 

1.53

 

1.53

 

1.53

 

1.53

 

Fair value

 

0.65

 

0.67

 

0.67

 

0.70

​

Incremental Fair value

​

0.45

​

0.48

​

0.48

​

0.41