The following are reconciliations of income before taxes, as calculated in accordance with International Financial Reporting Standards (“IFRS”), to EBITDA and Adjusted EBITDA, as well as of gross profit, as calculated in accordance with IFRS, to Adjusted Gross Profit:
|
Year Ended December 31,
2023 |
Three-Months Period Ended December 31,
2023 | ||||
| (In thousands of USD) | |||||
| Net loss | (55,660 | ) | (1,340 | ) | |
| Tax expenses | 62 | 183 | |||
| Depreciation | 6,544 | 1,993 | |||
| Interest income | (45,904 | ) | (11,329 | ) | |
| EBITDA (loss) | (94,958 | ) | (10,493 | ) | |
| Finance income from revaluation of assets and liabilities | (21,887 | ) | (5,748 | ) | |
| Exchange rate differences | (1,571 | ) | (9,061 | ) | |
| Share-based payments expenses | 20,101 | 4,291 | |||
| Other extraordinary income, net | (1,627 | ) | (1,627 | ) | |
| Adjusted EBITDA (loss) | (99,942 | ) | (22,638 | ) | |
| Gross profit | 25,458 | 7,028 | |||
| Depreciation | 390 | 115 | |||
| Share-based payments | 1,434 | 245 | |||
| Adjusted gross profit | 27,282 | 7,388 | |||
