22 unchanged sentences
Please refer to Note 13 to our condensed consolidated financial statements contained in Item 1 of Part I of this Quarterly Report on Form 10-Q, which sets out the terms of each of these loans.
−Removed: In South Africa, the South African Reserve Bank’s Monetary Policy Committee has gradually lowered interest rates since 2024, most recently reducing them to 6.75% as of November 20, 2025, a level that was maintained in January 2026.
−Removed: In Israel, the Bank of Israel reduced interest rates to 4.0% in January 2026 following a period of unchanged rates throughout 2025.
−Removed: dollar-denominated borrowings are based on the Standard Overnight Financing Rate (“SOFR”) for which the 90-day average rate was 4.01% as of December 31, 2025, compared to 4.69% as of December 31, 2024, representing a decrease of 0.68% in the rate period over period.
+Added: In South Africa, the South African Reserve Bank’s Monetary Policy Committee reduced interest rates from 8.25% in May 2024 to 6.75% in November 2025, and interest rates remained at 6.75% through March 2026 before increasing by 25 basis points to 7.00% in May 2026.
+Added: In Israel, the Bank of Israel reduced interest rates to 4.0% in January 2026 and then further to 3.5% in July 2026.
+Added: dollar-denominated borrowings are based on the Standard Overnight Financing Rate (“SOFR”) for which the 90-day average rate was 3.63% as of June 30, 2026, compared to 4.34% as of June 30, 2025, representing a decrease of 0.68% in the rate period over period.
Excluding the impact of changes to the margin on our borrowings and value of borrowings outstanding, we expect our cost of borrowing to decline moderately in the foreseeable future;
2 unchanged sentences
We generally maintain surplus cash in cash equivalents.
−Removed: The table below illustrates the effect on our estimated annual interest expense as a result of changes in the respective interest rates utilizing our outstanding borrowings as of December 31, 2025.
+Added: The table below illustrates the effect on our estimated annual interest expense as a result of changes in the respective interest rates utilizing our outstanding borrowings as of June 30, 2026.
The effect of a hypothetical 1% change (100 basis points) applicable to the relevant borrowings is shown below.
5 unchanged sentences
Hapoalim Facilities- Variable $ 3,630 1% (1%) $ 493 $ (493)
−Removed: $ 3,793 1% (1%) $ 488 $ (488)
RMB Facilities- Variable $ 12,952 1% (1%) $ 1,481 $ (1,481)
−Removed: $ 13,295 1% (1%) $ 1,464 $ (1,464)
RMB Facilities- Fixed $ 7,513 $ — $ — $ — $ —
−Removed: $ 7,513 $ — $ — $ — $ —
Financial instruments that potentially subject us and our subsidiaries to concentrations of credit risk consist principally of cash and cash equivalents and trade receivables.
7 unchanged sentences
Credit risk is mitigated through diversified customer exposure and proactive collection efforts.
−Removed: As of December 31, 2025, trade receivables totaled $92.2 million, net of an allowance for credit losses of $9.7 million.
−Removed: Refer to Note 5 of the unaudited condensed consolidated financial statements for further information relating to the determination of the net allowance for credit losses.
+Added: As of June 30, 2026, trade receivables totaled $91.4 million, net of an allowance for credit losses of $9.3 million.
+Added: Refer to Note 6 of the condensed consolidated financial statements for further information relating to the determination of the net allowance for credit losses.
No single customer represented more than 10% of total trade receivables as of the reporting date.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.