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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Revenue | 526m | 316m | 201m |
| Cost of revenue | 383m | 228m | 145m |
| Selling, general and administrative | 47m | 34m | 15m |
| Operating income | 79m | 56m | 40m |
| Pre-tax income | −1m | 3m | 15m |
| Income tax | −1m | 320,000 | 111,000 |
| Net income | 9,000 | 3m | 15m |
| Metric | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 51m | 52m | 347m | 28m | 13m | 14m | 13m | 7m |
| Current assets | 259m | 261m | 555m |
| Metric | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | 160m | 74m | 48m |
| Depreciation and amortisation | 141m | 78m | 48m |
| Share-based compensation | 5m | 10m | −359,000 |
| Capital expenditure | 279m | 160m | 148m |
| Investing cash flow |
Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)
| — |
| 120m |
| — |
| — |
| — |
| Property, plant and equipment | 2.35bn | 2.29bn | 2.20bn | — | 1.10bn | — | — | — |
| Goodwill | 53m | 53m | 52m | — | 9m | — | — | — |
| Total assets | 3.75bn | 3.70bn | 3.94bn | — | 1.35bn | — | — | — |
| Current liabilities | 199m | 189m | 165m | — | 83m | — | — | — |
| Short-term debt | 9m | 13m | 33m | — | 7m | — | — | — |
| Long-term debt | 1.46bn | 1.43bn | 1.68bn | — | 586m | — | — | — |
| Total liabilities | 1.90bn | 1.85bn | 2.08bn | — | 688m | — | — | — |
| Equity | 657m | 602m | 608m | — | 0 | — | — | — |
| −219m |
| −324m |
| −171m |
| Financing cash flow | 97m | 250m | 129m |