| Consolidated Statements of Cash Flows (Unaudited) | ||||||||||
| (In thousands of USD) | ||||||||||
|
Nine Months Ended
September 30, |
Three Months Ended
September 30, |
Year ended
December 31 | ||||||||
| 2022 | 2023 | 2022 | 2023 | 2022 | ||||||
| Cash flow from operating activities: | ||||||||||
| Net loss | (140,395 | ) | (54,320 | ) | (67,133 | ) | (66,873 | ) | (228,295 | ) |
| Adjustments: | ||||||||||
| Depreciation and amortization | 6,084 | 4,551 | 3,228 | 1,588 | 7,283 | |||||
| Impairment losses | — | — | — | 40,523 | ||||||
| Financing (income) expenses, net | 9,089 | (26,675 | ) | (3,466 | ) | (9,053 | ) | (1,769 | ) | |
| Revaluation of financial liabilities accounted at fair value | (4,851 | ) | 468 | (1,934 | ) | (17 | ) | (4,516 | ) | |
| Revaluation of financial assets accounted at fair value | 38,068 | (16,967 | ) | 38,681 | 40,234 | 62,791 | ||||
| Loss (gain) from disposal of property plant and equipment and right-of-use assets | 91 | 333 | 97 | (12 | ) | 948 | ||||
| Increase in deferred tax | (1,441 | ) | (95 | ) | (109 | ) | — | (581 | ) | |
| Share-based payments | 26,637 | 15,810 | 7,300 | 4,268 | 32,563 | |||||
| Other | 121 | 121 | 8 | 53 | 166 | |||||
| 73,798 | (22,454 | ) | 43,805 | 37,061 | 137,408 | |||||
| Changes in assets and liabilities: | — | |||||||||
| Increase in inventory | (3,384 | ) | (3,253 | ) | (1,506 | ) | (2,041 | ) | (4,603 | ) |
| (Increase) decrease in other receivables | 3,574 | 1,659 | 3,871 | 990 | (1,978 | ) | ||||
| (Increase) decrease in trade receivables | (1,761 | ) | (3,951 | ) | 198 | 2,088 | (1,992 | ) | ||
| Increase (decrease) in other payables | 1,333 | 2,908 | (64 | ) | 4,253 | 5,281 | ||||
| Increase (decrease) in employee benefits | 1,101 | (992 | ) | (635 | ) | (593 | ) | 1,497 | ||
| Increase (decrease) in trade payables | (42 | ) | 4,742 | (881 | ) | 5,570 | 628 | |||
| 821 | 1,113 | 983 | 10,267 | (1,167 | ) | |||||
| Net cash used in operating activities | (65,776 | ) | (75,661 | ) | (22,345 | ) | (19,545 | ) | (92,054 | ) |
| Cash flow from investing activities: | ||||||||||
| Change in bank deposits | (187,412 | ) | (37,016 | ) | (140,921 | ) | 114,375 | 141,555 | ||
| Interest received | 4,634 | 29,804 | 2,143 | 11,806 | 17,465 | |||||
| Change in restricted bank deposits | (16 | ) | (38 | ) | 59 | (4 | ) | (327 | ) | |
| Acquisition of property plant and equipment | (6,059 | ) | (9,066 | ) | (1,520 | ) | (1,945 | ) | (9,388 | ) |
| Acquisition of intangible asset | (1,524 | ) | — | (1,524 | ) | — | ||||
| Acquisition of subsidiaries, net of cash acquired | (31,058 | ) | — | (12,899 | ) | — | (31,057 | ) | ||
| Payment of a liability to pay a contingent consideration of business combination | (10,708 | ) | (9,255 | ) | (709 | ) | — | (10,708 | ) | |
| Acquisition of financial assets in fair value through profit and loss | (177,775 | ) | — | (159,972 | ) | — | (177,775 | ) | ||
| Decrease in deposit in escrow | — | — | — | — | 3,362 | |||||
| Other | — | — | — | — | (800 | ) | ||||
| Net cash from (used in) investing activities | (408,394 | ) | (27,095 | ) | (313,819 | ) | 122,708 | (67,673 | ) | |
| Cash flow from financing activities: | ||||||||||
| Lease payments | (3,088 | ) | (3,640 | ) | (1,207 | ) | (1,169 | ) | (4,151 | ) |
| Repayment long-term bank debt | (303 | ) | (193 | ) | (85 | ) | (97 | ) | (406 | ) |
| Proceeds from non-controlling interests | 510 | 550 | 510 | — | 510 | |||||
| Amounts recognized in respect of government grants liability | (132 | ) | (225 | ) | (39 | ) | (53 | ) | (221 | ) |
| Payments of share price protection recognized in business combination | (744 | ) | (1,780 | ) | — | (1,005 | ) | |||
| Repurchase of treasury shares | — | (85,726 | ) | — | (65,985 | ) | — | |||
| Net cash used in financing activities | (3,757 | ) | (91,014 | ) | (821 | ) | (67,304 | ) | (5,273 | ) |
| Increase (decrease) in cash | (477,927 | ) | (193,770 | ) | (336,985 | ) | 35,859 | (165,000 | ) | |
| Cash at beginning of the period | 853,626 | 685,362 | 706,220 | 454,555 | 853,626 | |||||
| Effect of exchange rate fluctuations on cash | (5,502 | ) | (2,269 | ) | 962 | (1,091 | ) | (3,264 | ) | |
| Cash at end of the period | 370,197 | 489,323 | 370,197 | 489,323 | 685,362 | |||||
| Non-cash transactions: | ||||||||||
| Property plant and equipment and intangible asset acquired on credit | 509 | 410 | 474 | 82 | 52 | |||||
| Repurchase of treasury shares on credit | — | 2,140 | — | (1,378 | ) | — | ||||
| Recognition of a right-of-use asset | 11,536 | 199 | 286 | — | 15,196 | |||||
| Acquisition of financial assets in fair value through profit and loss | — | (2,158 | ) | — | — | |||||
Non-IFRS Measures
