NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2025 27. LEASES – AS A LESSEE The Group has entered into leases for buildings, tools & equipment, office furniture & fittings, computer equipment and motor vehicles. The Group’s obligations under its leases are secured by the lessor’s title to the leased assets. There are several lease contracts that include extension options, which are further discussed below. The Group also has certain leases with lease terms of 12 months or less. The Group applies the ‘short-term lease’ recognition exemptions for these leases. Set out below the carrying amounts of right-to-use assets are recognised and the movements during the financial year: Group Buildings Tools and equipment Office furniture and fittings Computer equipment Motor vehicles Total $’000 $’000 $’000 $’000 $’000 $’000 At 1 January 2024 23,457 384 117 172 2,085 26,215 Additions 6,167 676 58 25 437 7,363 Write-off – – – – (24) (24) Depreciation expenses (8,505) (498) (53) (123) (726) (9,905) Currency realignment (56) – (5) 3 (62) (120) At 31 December 2024 and 1 January 2025 21,063 562 117 77 1,710 23,529 Additions 33,716 239 6 356 351 34,668 Acquisition of subsidiary – – – – 180 180 Write-off (106) – – – (40) (146) Depreciation expenses (10,240) (489) (65) (164) (717) (11,675) Currency realignment (481) (10) 2 1 (21) (509) At 31 December 2025 43,952 302 60 270 1,463 46,047 Remaining lease term (years) 1 - 10 1 - 7 1 - 5 1 - 3 1 - 7 NA Company Buildings Office furniture and fittings Total $’000 $’000 $’000 At 1 January 2024 1,287 38 1,325 Depreciation expenses (532) (12) (544) At 31 December 2024 and 1 January 2025 755 26 781 Depreciation expenses (533) (12) (545) At 31 December 2025 222 14 236 Remaining lease term (years) Less than 1 year 1 NA ANNUAL REPORT 2025 173
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