CONSOLIDATED STATEMENT OF FINANCIAL POSITION
at 31 December 2025
Note(s) 2025
$000
2024
$000
Non-current assets
Intangible assets 24 4,597 4,131
Property, plant and equipment 25 293 390
Right-of-use assets 29 248 -
Investment in joint ventures 27 - 5,646
Loan receivable from joint venture 28 1,280 -
Derivative financial instruments 33 56 -
6,474 10,167
Current assets
Inventories 30 69 101
Trade and other receivables 31 32,173 38,568
Investments 32 30,015 22,827
Derivative financial instruments 33 671 -
Cash at bank and in hand 12,168 8,861
75,096 70,357
Total assets 81,570 80,524
Current liabilities
Trade and other payables 34 53,947 38,280
Lease liabilities 29 254 -
Derivative financial instruments 35 - 581
Total current liabilities 54,201 38,862
Total assets less current liabilities 27,369 41,662
Non-current liabilities
Contract liabilities 37 6,161 9,257
Provisions 36 - 200
Derivative financial instruments 35 - 337
Total non-current liabilities 6,161 9,794
Net assets 21,208 31,868
Represented by
Total equity 39 21,208 31,868
The notes on pages 18 to 43 are an integral part of these consolidated financial statements.
The financial statements on pages 14 to 17 were approved by the Board of Directors on 16 July 2026 and signed on its
behalf by:
David Haggerty David Rawlinson
President Chairman, Finance Committee
ITF Trust Annual Report and Consolidated Financial Statements 15
