0001737450-26-000005 | 20-F | XBRL Viewer


	Year Ended December 31,
	2023			2024			2025
Salaries, including bonuses	$	(41,890	)	$	(40,890	)	$	(44,986	)
Social security contributions		(5,825	)		(6,519	)		(7,239	)
Contractors and temporary personnel		(11,796	)		(15,568	)		(19,296	)
Defined contribution pension expense		(3,814	)		(4,135	)		(4,346	)
Other personnel-related expenses		(2,476	)		(2,827	)		(3,128	)
Total personnel expenses excluding share-based compensation	$	(65,801	)	$	(69,940	)	$	(78,994	)

Contractors and Temporary Personnel

opra_ContractorsAndTemporaryPersonnel

$ 11,796,000

Contractors and Temporary Personnel

opra_ContractorsAndTemporaryPersonnel

15,568,000

Contractors and Temporary Personnel

opra_ContractorsAndTemporaryPersonnel

$ 19,296,000

Disclosure Of Share Based Compensation [Table Text Block]

opra_DisclosureOfShareBasedCompensationTableTextBlock

The table below presents the amounts of share-based compensation expenses (in thousands):


	Year Ended December 31,
	2023			2024			2025
Cost of Opera-granted awards	$	(8,488	)	$	(5,758	)	$	(27,282	)
Cost of parent-granted awards		(6,450	)		(2,872	)		(2,797	)
Total cost of equity awards		(14,938	)		(8,631	)		(30,079	)
Social security contributions for Opera-granted awards		(2,012	)		(1,087	)		(1,194	)
Total share-based compensation expenses	$	(16,950	)	$	(9,718	)	$	(31,273	)

Share-based remuneration, including related social security contribution

opra_SharebasedRemunerationIncludingRelatedSocialSecurityCosts

$ 2,012,000

Share-based remuneration, including related social security contribution

opra_SharebasedRemunerationIncludingRelatedSocialSecurityCosts

1,087,000

Share-based remuneration, including related social security contribution

opra_SharebasedRemunerationIncludingRelatedSocialSecurityCosts

$ 1,194,000

Disclosure of number and weighted average exercise prices of share options and other equity instruments [text block]

opra_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsAndOtherEquityInstrumentsTextBlock

The following table shows the movements in the number of RSUs and options:


	Opera: RSUs					Opera: Options				Kunlun: RSUs
	Number of RSUs			Weighted Average Grant Date Fair Value		Number of Options		Weighted Average Grant Date Fair Value		Number of RSUs			Weighted Average Grant Date Fair Value
Outstanding as of January 1, 2024		1,918,473		$	8.67		40,000	$	5.62		6,292,500		$	1.86
Regular awards granted		390,000		$	12.58		—	$	—		1,610,824		$	3.22
Dividend adjustment awards granted		89,946		$	—		—	$	—		—		$	—
Forfeited		(19,295	)	$	8.84		—	$	—		—		$	—
Exercised		(961,870	)	$	8.16		—	$	—		(2,199,000	)	$	1.72
Outstanding as of December 31, 2024		1,417,254		$	9.54		40,000	$	5.62		5,704,324		$	2.23
Regular awards granted		1,944,950		$	19.51		—	$	—		4,152,421		$	1.96
Dividend adjustment awards granted		112,262		$	—		—	$	—		—		$	—
Forfeited		(118,959	)	$	18.26		—	$	—		(1,672,740	)	$	2.03
Exercised		(1,167,902	)	$	10.49		—	$	—		(1,241,575	)	$	2.13
Outstanding as of December 31, 2025		2,187,605		$	16.94		40,000	$	5.62		6,942,430		$	2.22

Dividend adjustment awards granted (in shares)

opra_IncreaseDecreaseInNumberOfSharesDividends

89,946

Dividend adjustment awards granted (in shares)

opra_IncreaseDecreaseInNumberOfSharesDividends

112,262

opra_WeightedAverageRemainingContractualLifeOfOutstandingShareOptionsAndOtherEquityInstruments

6 months 21 days

opra_WeightedAverageRemainingContractualLifeOfOutstandingShareOptionsAndOtherEquityInstruments

5 months 8 days

opra_WeightedAverageRemainingContractualLifeOfOutstandingShareOptionsAndOtherEquityInstruments

11 months 15 days

opra_WeightedAverageRemainingContractualLifeOfOutstandingShareOptionsAndOtherEquityInstruments

9 months 14 days

Disclosure of indirect measurement of fair value of goods or services received, other equity instrument granted during period [text block]

opra_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedOtherEquityInstrumentGrantedDuringPeriodTextBlock

Set forth in the table below are the weighted average values for inputs used in the valuation techniques:


	Opera						Kunlun
	2024 RSU Grants			2025 RSU Grants			2024 RSU Grants			2025 RSU Grants
Fair value of underlying share at grant date	$	12.61		$	19.55		$	5.78		$	4.43
Expected volatility		63.0	%		59.3	%		23.5	%		34.5	%
Risk-free rate		4.3	%		4.2	%		2.1	%		2.1	%
Duration of initial simulation period (years to longstop date)		2.39			1.50		N/A			N/A
Duration of second simulation period with postponed exercise (years)		3.00			3.00		N/A			N/A
Exercise price	$	—		$	—		$	2.69		$	2.69

Research and development expenditure

opra_ResearchAndDevelopmentExpenditure

$ 41,511,000

Research and development expenditure

opra_ResearchAndDevelopmentExpenditure

46,673,000

Research and development expenditure

opra_ResearchAndDevelopmentExpenditure

49,335,000

Capitalized Development Expenditure Excluded From Personnel Expense

opra_CapitalizedDevelopmentExpenditureExcludedFromPersonnelExpense

(4,587,000)

Capitalized Development Expenditure Excluded From Personnel Expense

opra_CapitalizedDevelopmentExpenditureExcludedFromPersonnelExpense

(7,705,000)

Capitalized Development Expenditure Excluded From Personnel Expense

opra_CapitalizedDevelopmentExpenditureExcludedFromPersonnelExpense

$ (10,173,000)

Disclosure of detailed information about finance income (cost) [text block]

opra_DisclosureOfDetailedInformationAboutFinanceIncomeCostTextBlock

The table below presents the components of finance income and finance expenses, including foreign exchange gains and losses (in thousands):


	Year Ended December 31,
	2023			2024			2025
Finance income:
Interest income on cash and cash equivalents	$	2,980		$	3,396		$	3,285
Interest income on Star X receivable		1,556			165			—
Other interest income		9			16			9
Gain on settlement of receivable from sale of investment		1,084			—			—
Fair value gain on short-term investments (Note 16)		3,243			—			—
Other finance income		5			—			—
Total finance income		8,876			3,577			3,294
Finance expenses:
Interest expense on lease liabilities (Note 13)		(356	)		(518	)		(461	)
Other interest expense		(13	)		(11	)		(116	)
Other finance expenses		(276	)		(56	)		(33	)
Total finance expenses		(644	)		(586	)		(610	)
Foreign exchange gain (loss):
Unrealized foreign exchange gain (loss)		(1,901	)		1,248			181
Realized foreign exchange gain (loss)		938			(3,087	)		(4,289	)
Total foreign exchange gain (loss)		(963	)		(1,839	)		(4,108	)
Net finance income (expense)	$	7,269		$	1,152		$	(1,424	)

Interest Income on Receivables

opra_InterestIncomeOnReceivables

$ 1,556,000

Interest Income on Receivables

opra_InterestIncomeOnReceivables

165,000

Interest Income on Receivables

opra_InterestIncomeOnReceivables

Fair value gain (loss) (Note 7)

opra_FairValueGainLossOnReceivableFromSaleOfInvestment

1,084,000

Fair value gain (loss) (Note 7)

opra_FairValueGainLossOnReceivableFromSaleOfInvestment

Fair value gain (loss) (Note 7)

opra_FairValueGainLossOnReceivableFromSaleOfInvestment

Fair Value Gain On Short term Investments

opra_FairValueGainOnShortTermInvestments

3,243,000

Fair Value Gain On Short term Investments

opra_FairValueGainOnShortTermInvestments

Fair Value Gain On Short term Investments

opra_FairValueGainOnShortTermInvestments

Other Interest Expense

opra_OtherInterestExpense

13,000

Other Interest Expense

opra_OtherInterestExpense

11,000

Other Interest Expense

opra_OtherInterestExpense

116,000

Unrealized foreign exchange gain (loss)

opra_UnrealizedForeignExchangeGainLoss

(1,901,000)

Unrealized foreign exchange gain (loss)

opra_UnrealizedForeignExchangeGainLoss

1,248,000

Unrealized foreign exchange gain (loss)

opra_UnrealizedForeignExchangeGainLoss

181,000

Realized foreign exchange gain (loss)

opra_RealizedForeignExchangeGainLoss

938,000

Realized foreign exchange gain (loss)

opra_RealizedForeignExchangeGainLoss

(3,087,000)

Realized foreign exchange gain (loss)

opra_RealizedForeignExchangeGainLoss

$ (4,289,000)

Pillar Two Revenue Threshold Amount

opra_PillarTwoRevenueThresholdAmount

$ 750,000,000

Pillar Two Minimum Tax Rate Percentage

opra_PillarTwoMinimumTaxRatePercentage

15.00%

Domestic Top Up Tax Expenses

opra_DomesticTopUpTaxExpenses

$ 900,000

Major components of tax expense (income) [text block]

opra_MajorComponentsOfTaxExpenseIncomeTextBlock

The table below presents the components of the income tax expense (in thousands):


	Year Ended December 31,
	2023			2024			2025
Current income taxes	$	(7,227	)	$	(10,757	)	$	(18,950	)
Deferred income taxes		531			(6,884	)		2,016
Income tax expense	$	(6,697	)	$	(17,642	)	$	(16,934	)

Disclosure Of Reconciliation Of Differences Between Expected Income Tax Expense Expressed As Accounting Profit Multiplied By Corporate Income Tax Rate And Actual Income Tax Expense Explanatory

opra_DisclosureOfReconciliationOfDifferencesBetweenExpectedIncomeTaxExpenseExpressedAsAccountingProfitMultipliedByCorporateIncomeTaxRateAndActualIncomeTaxExpenseExplanatory

As Opera is headquartered in Norway and a significant portion of its taxable income is generated by Opera Norway AS, a Norwegian subsidiary, the reconciliation below compares income tax expense calculated at the Norwegian statutory corporate income tax rate of 22% with Opera’s reported income tax expense (in thousands, except for percentages):


	Year Ended December 31,
	2023						2024						2025
	Amount			Effective Tax Rate (1)			Amount			Effective Tax Rate (1)			Amount			Effective Tax Rate (1)
Income before income taxes	$	159,997					$	98,412					$	125,216
Tax using the Norwegian tax rate of 22%		(35,199	)		22.0	%		(21,651	)		22.0	%		(27,548	)		22.0	%
Differences between computed tax rate and effective tax rate due to:
Different tax rates of subsidiaries operating in other jurisdictions		5,346			(3.3	)		7,945			(8.1	)		8,738			(7.0	)
Pillar Two top-up taxes		—			—			—			—			(939	)		0.8
Changes in tax rates		(64	)		—			2			—			(8	)		—
Non-deductible expenses		(4,588	)		2.9			(3,861	)		3.9			(4,831	)		3.9
Tax-exempt income		23,149			(14.5	)		2,986			(3.0	)		8,399			(6.7	)
Foreign withholding taxes		270			(0.2	)		(138	)		0.1			(7	)		—
Recognition and derecognition of deferred tax assets		4,848			(3.0	)		(1,554	)		1.6			482			(0.4	)
Changes in estimates related to prior years		(67	)		—			48			—			(503	)		0.4
Movements in exchange rates		(391	)		0.2			(1,419	)		1.4			(718	)		0.6
Income tax expense at effective tax rate	$	(6,697	)		4.2	%	$	(17,642	)		17.9	%	$	(16,934	)		13.5	%

_______________

(1)

Percentages have been rounded for presentation purposes and may differ from unrounded results.

Tax Effect Of Different Tax Rates Of Subsidiaries Operating In Other Jurisdictions

opra_TaxEffectOfDifferentTaxRatesOfSubsidiariesOperatingInOtherJurisdictions

$ 5,346,000

Tax Effect Of Different Tax Rates Of Subsidiaries Operating In Other Jurisdictions

opra_TaxEffectOfDifferentTaxRatesOfSubsidiariesOperatingInOtherJurisdictions

7,945,000

Tax Effect Of Different Tax Rates Of Subsidiaries Operating In Other Jurisdictions

opra_TaxEffectOfDifferentTaxRatesOfSubsidiariesOperatingInOtherJurisdictions

$ 8,738,000

Tax Rate Effect Of Different Tax Rates Of Subsidiaries Operating In Other Jurisdictions

opra_TaxRateEffectOfDifferentTaxRatesOfSubsidiariesOperatingInOtherJurisdictions

(3.30%)

^[2]

Tax Rate Effect Of Different Tax Rates Of Subsidiaries Operating In Other Jurisdictions

opra_TaxRateEffectOfDifferentTaxRatesOfSubsidiariesOperatingInOtherJurisdictions

(8.10%)

^[2]

Tax Rate Effect Of Different Tax Rates Of Subsidiaries Operating In Other Jurisdictions

opra_TaxRateEffectOfDifferentTaxRatesOfSubsidiariesOperatingInOtherJurisdictions

(7.00%)

^[2]

Tax Effect Of Pillar Two Top Up Taxes

opra_TaxEffectOfPillarTwoTopUpTaxes

$ 0

Tax Effect Of Pillar Two Top Up Taxes

opra_TaxEffectOfPillarTwoTopUpTaxes

Tax Effect Of Pillar Two Top Up Taxes

opra_TaxEffectOfPillarTwoTopUpTaxes

$ 939,000

Tax Rate Effect Of Pillar Two Top Up Taxes

opra_TaxRateEffectOfPillarTwoTopUpTaxes

(0.00%)

^[2]

Tax Rate Effect Of Pillar Two Top Up Taxes

opra_TaxRateEffectOfPillarTwoTopUpTaxes

(0.00%)

^[2]

Tax Rate Effect Of Pillar Two Top Up Taxes

opra_TaxRateEffectOfPillarTwoTopUpTaxes

0.80%

^[2]

Tax Effect Of Foreign Withholding Taxes

opra_TaxEffectOfForeignWithholdingTaxes

$ 270,000

Tax Effect Of Foreign Withholding Taxes

opra_TaxEffectOfForeignWithholdingTaxes

(138,000)

Tax Effect Of Foreign Withholding Taxes

opra_TaxEffectOfForeignWithholdingTaxes

$ (7,000)

Tax Rate Effect Of Foreign Withholding Taxes

opra_TaxRateEffectOfForeignWithholdingTaxes

(0.20%)

^[2]

Tax Rate Effect Of Foreign Withholding Taxes

opra_TaxRateEffectOfForeignWithholdingTaxes

0.10%

^[2]

Tax Rate Effect Of Foreign Withholding Taxes

opra_TaxRateEffectOfForeignWithholdingTaxes

(0.00%)

^[2]

Tax Effect Of Recognition And Derecognition Of Deferred Tax Assets

opra_TaxEffectOfRecognitionAndDerecognitionOfDeferredTaxAssets

$ 4,848,000

Tax Effect Of Recognition And Derecognition Of Deferred Tax Assets

opra_TaxEffectOfRecognitionAndDerecognitionOfDeferredTaxAssets

(1,554,000)

Tax Effect Of Recognition And Derecognition Of Deferred Tax Assets

opra_TaxEffectOfRecognitionAndDerecognitionOfDeferredTaxAssets

$ 482,000

Tax Rate Effect Of Recognition And Derecognition Of Deferred Tax Assets

opra_TaxRateEffectOfRecognitionAndDerecognitionOfDeferredTaxAssets

(3.00%)

^[2]

Tax Rate Effect Of Recognition And Derecognition Of Deferred Tax Assets

opra_TaxRateEffectOfRecognitionAndDerecognitionOfDeferredTaxAssets

1.60%

^[2]

Tax Rate Effect Of Recognition And Derecognition Of Deferred Tax Assets

opra_TaxRateEffectOfRecognitionAndDerecognitionOfDeferredTaxAssets

(0.40%)

^[2]

Tax Effect Of Changes In Estimates Related To Prior Years

opra_TaxEffectOfChangesInEstimatesRelatedToPriorYears

$ 67,000

Tax Effect Of Changes In Estimates Related To Prior Years

opra_TaxEffectOfChangesInEstimatesRelatedToPriorYears

(48,000)

Tax Effect Of Changes In Estimates Related To Prior Years

opra_TaxEffectOfChangesInEstimatesRelatedToPriorYears

503,000

Deferred Tax Liabilities Before Amortization

opra_DeferredTaxLiabilitiesBeforeAmortization

15,500,000

Deferred Tax Liability Amortization

opra_DeferredTaxLiabilityAmortization

3,300,000

Deferred tax benefit recognized in equity

opra_DeferredTaxBenefitRecognizedInEquity

1,000,000

Decrease In Deferred Tax Benefit Recognized In Equity

opra_DecreaseInDeferredTaxBenefitRecognizedInEquity

$ 2,100,000

Disclosure Of Deferred Tax Assets And Liabilities Explanatory

opra_DisclosureOfDeferredTaxAssetsAndLiabilitiesExplanatory

After offsetting deferred tax assets and liabilities within the same tax jurisdiction, the following amounts are presented in the Statement of Financial Position (in thousands):


	As of December 31,
	2024		2025
Deferred tax assets	$	1,063	$	1,585
Deferred tax liabilities	$	8,689	$	9,212

Increase Decrease In Number Of Shares Issued Due To Repurchases

opra_IncreaseDecreaseInNumberOfSharesIssuedDueToRepurchases

(963,143)

Increase Decrease In Number Of Shares Issued Due To Repurchases

opra_IncreaseDecreaseInNumberOfSharesIssuedDueToRepurchases

Increase Decrease In Number Of Shares Issued Due To Repurchases

opra_IncreaseDecreaseInNumberOfSharesIssuedDueToRepurchases

Disclosure of Detailed Information About the Estimated Useful Lives of Property, Plant and Equipment

opra_DisclosureOfDetailedInformationAboutTheEstimatedUsefulLivesOfPropertyPlantAndEquipmentTextBlock

Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets, as follows:

•

Office premises: Over the lease term.

•

Equipment: Up to 10 years, or the lease term, whichever is shorter. Within this category, servers and network equipment are depreciated over an estimated useful life of 6 years.

•

Leasehold improvements: Up to 6 years, or the lease term, whichever is shorter.

•

Furniture and fixtures: Up to 5 years.

Increase Decrease Through Reclassification Intangible Assets And Goodwill

opra_IncreaseDecreaseThroughReclassificationIntangibleAssetsAndGoodwill

$ 0

Increase Decrease Through Reclassification Intangible Assets And Goodwill

opra_IncreaseDecreaseThroughReclassificationIntangibleAssetsAndGoodwill

Increase Decrease Through Reclassification Intangible Assets And Goodwill

opra_IncreaseDecreaseThroughReclassificationIntangibleAssetsAndGoodwill

Increase Decrease Through Reclassification Intangible Assets And Goodwill

opra_IncreaseDecreaseThroughReclassificationIntangibleAssetsAndGoodwill

Increase Decrease Through Reclassification Intangible Assets And Goodwill

opra_IncreaseDecreaseThroughReclassificationIntangibleAssetsAndGoodwill

(801,000)

Increase Decrease Through Reclassification Intangible Assets And Goodwill

opra_IncreaseDecreaseThroughReclassificationIntangibleAssetsAndGoodwill

(801,000)

Committed To Purchase Tokens Per Quarter

opra_CommittedToPurchaseTokensPerQuarter

250,000

Government Grants Related To Assets

opra_GovernmentGrantsRelatedToAssets

400,000

Government Grants Related To Assets

opra_GovernmentGrantsRelatedToAssets

$ 500,000

Disclosure of intangible assets with indefinite and definite useful life [text block]

opra_DisclosureOfIntangibleAssetsWithIndefiniteAndDefiniteUsefulLifeExplanatory

For intangible assets with finite useful lives, amortization is calculated on a straight-line basis over the following periods:

•

Customer relationships: Up to 15 years.

•

Technology: Up to 5 years.

•

Other intangible assets: Up to 5 years.

opra_CashFlowsAnnualizedGrowthRate

15.30%

opra_CashFlowsAnnualizedGrowthRate

0.90%

opra_CashGeneratingUnitNominalGrowthRate

2.80%

opra_EstimatedBetaForEquity

0.9

opra_SensitivityAnalysisReasonablyPossibleIncreaseDecreaseInRevenue

18.40%

Sensitivity Analysis Reasonably Possible Increase Decrease In EBITDA Margin

opra_SensitivityAnalysisReasonablyPossibleIncreaseDecreaseInEBITDAMargin

2.30%

Sensitivity analysis change in long-term growth rate

opra_SensitivityAnalysisChangeInLong-TermGrowthRate

11.10%

opra_SensitivityAnalysisReasonablyPossibleIncreaseDecreaseInWACC

7.40%

Disclosure of carrying amounts of investments in associates and joint ventures [text block]

opra_DisclosureOfCarryingAmountsOfInvestmentsInAssociatesAndJointVenturesTextBlock

The table below shows a summary of Opera’s investments in unconsolidated entities (in thousands except for percentages):


	Ownership Interest								Carrying Amount as of December 31,
Investee	2024			2025			Classification	Measurement Method	2024		2025
OPay		9.4	%		9.5	%	Financial asset	FVTPL (1)	$	258,300	$	294,600
MiniPay Fund		26.0	%		27.4	%	Associate	Equity method	$	1,248	$	4,016
nHorizon Innovation		29.1	%		29.1	%	Associate	Equity method	$	—	$	—

_______________

(1)

FVTPL – Fair value through profit or loss.

The table below provides a reconciliation of the carrying amount of Opera’s investment in OPay (in thousands):


	Year Ended December 31,
	2024		2025
Carrying amount as of January 1	$	253,300	$	258,300
Fair value gain on investment		5,000		36,300
Carrying amount as of December 31	$	258,300	$	294,600

The table below shows a reconciliation of the carrying amount of Opera’s net investment in the MiniPay Fund (in thousands):


	Year Ended December 31,
	2024			2025
Carrying amount as of January 1	$	—		$	1,248
Investment		1,250			2,500
Share of net income (loss)		(2	)		268
Carrying amount as of December 31	$	1,248		$	4,016

Ownership interest

opra_ProportionOfCarryingAmountOwnershipInterestInAssociate

9.40%

Ownership interest

opra_ProportionOfCarryingAmountOwnershipInterestInAssociate

9.50%

Ownership interest

opra_ProportionOfCarryingAmountOwnershipInterestInAssociate

26.00%

Ownership interest

opra_ProportionOfCarryingAmountOwnershipInterestInAssociate

27.40%

Ownership interest

opra_ProportionOfCarryingAmountOwnershipInterestInAssociate

29.10%

Ownership interest

opra_ProportionOfCarryingAmountOwnershipInterestInAssociate

29.10%

Proportion of ownership interest in entity classified as financial asset

opra_ProportionOfOwnershipInterestInEntityClassifiedAsFinancialAsset

9.50%

Proportion of ownership interest in entity classified as financial asset

opra_ProportionOfOwnershipInterestInEntityClassifiedAsFinancialAsset

9.40%

opra_EstimatedFutureEquityValues

$ 200,000,000

opra_EstimatedFutureEquityValues

$ 6,000,000,000

Estimated Future Equity Values Number of Year

opra_EstimatedFutureEquityValuesNumberOfYear

9 months

Estimated Future Equity Values Number of Year

opra_EstimatedFutureEquityValuesNumberOfYear

2 years

Disclosure of sensitivity analysis for equity value, timing and probabilities [text block]

opra_DisclosureOfSensitivityAnalysisForEquityValueTimingAndProbabilitiesTextBlock

The table below shows the estimates for equity values (in millions), period of time until potential liquidity events and probabilities of the respective outcomes:


	Equity Value (in millions)		Time Horizon (in years)		Probability
Scenarios	2024	2025	2024	2025	2024	2025
Initial public offering	$3,000 – $6,000	$3,000 – $6,000	1 – 2	1 – 1.5	80%	85%
Sale transaction	$3,000 – $5,500	$3,000 – $5,500	1 – 2	0.75 – 1.25	10%	10%
Dissolution	$236	$223	3	2	5%	2.5%
Redemption	$1,000	$1,000	3	2	5%	2.5%

Time horizon

opra_SignificantUnobservableInputAssetsFutureExit

Time horizon

opra_SignificantUnobservableInputAssetsFutureExit

Time horizon

opra_SignificantUnobservableInputAssetsFutureExit

Time horizon

opra_SignificantUnobservableInputAssetsFutureExit

1.5

Time horizon

opra_SignificantUnobservableInputAssetsFutureExit

Time horizon

opra_SignificantUnobservableInputAssetsFutureExit

Time horizon

opra_SignificantUnobservableInputAssetsFutureExit

0.75

Time horizon

opra_SignificantUnobservableInputAssetsFutureExit

1.25

Time horizon

opra_SignificantUnobservableInputAssetsFutureExit

Time horizon

opra_SignificantUnobservableInputAssetsFutureExit

Time horizon

opra_SignificantUnobservableInputAssetsFutureExit

Time horizon

opra_SignificantUnobservableInputAssetsFutureExit

opra_EstimatedPresentEquityValues

$ 200,000,000

opra_EstimatedPresentEquityValues

4,700,000,000

opra_ProbabilityweightedPresentValue

3,400,000,000

opra_ProbabilityweightedPresentValue

3,000,000,000

Investments in financial asset

opra_InvestmentsInFinancialAsset

253,300,000

Investments in financial asset

opra_InvestmentsInFinancialAsset

258,300,000

Investments in financial asset

opra_InvestmentsInFinancialAsset

294,600,000

Investments in financial asset

opra_InvestmentsInFinancialAsset

Investments in financial asset

opra_InvestmentsInFinancialAsset

1,248,000

Investments in financial asset

opra_InvestmentsInFinancialAsset

4,016,000

Fair value gain on long-term investments

opra_GainsLossesRecognisedInProfitOrLossIncludingExchangeDifferencesFairValueMeasurementAssociatesEquity

5,000,000

Fair value gain on long-term investments

opra_GainsLossesRecognisedInProfitOrLossIncludingExchangeDifferencesFairValueMeasurementAssociatesEquity

$ 36,300,000

Disclosure of sensitivity analysis for equity [text block]

opra_DisclosureOfSensitivityAnalysisForEquityTextBlock

The table below shows the individual sensitivities of key unobservable inputs to the fair value measurement (in thousands):


				As of December 31, 2024						As of December 31, 2025
Significant unobservable inputs	Change in Assumption (1)			Decrease in Assumption			Increase in Assumption			Decrease in Assumption			Increase in Assumption
Weighted average equity value		10	%	$	(25,495	)	$	25,495		$	(29,238	)	$	29,238
Time to exit	6 months			$	23,110		$	(21,417	)	$	25,945		$	(23,968	)
Relative change in probability of sale (2)		100	%	$	826		$	(826	)	$	43		$	(43	)
Discount for lack of marketability	5 pp			$	14,350		$	(14,350	)	$	16,365		$	(16,365	)
Discount rate	2 pp			$	6,965		$	(6,657	)	$	6,465		$	(6,217	)

_______________

(1)

pp – percentage points.

(2)

Represents a relative change in the probabilities of sale scenarios, offset by an equal change in the probabilities of initial public offering scenarios.

Decrease in assumption

opra_DecreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

$ (25,495,000)

Decrease in assumption

opra_DecreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

(29,238,000)

Decrease in assumption

opra_DecreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

23,110,000

Decrease in assumption

opra_DecreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

25,945,000

Decrease in assumption

opra_DecreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

826,000

^[3]

Decrease in assumption

opra_DecreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

43,000

^[3]

Decrease in assumption

opra_DecreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

14,350,000

Decrease in assumption

opra_DecreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

16,365,000

Decrease in assumption

opra_DecreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

6,965,000

Decrease in assumption

opra_DecreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

6,465,000

Increase in assumption

opra_IncreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

25,495,000

Increase in assumption

opra_IncreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

29,238,000

Increase in assumption

opra_IncreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

(21,417,000)

Increase in assumption

opra_IncreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

(23,968,000)

Increase in assumption

opra_IncreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

(826,000)

^[3]

Increase in assumption

opra_IncreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

(43,000)

^[3]

Increase in assumption

opra_IncreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

(14,350,000)

Increase in assumption

opra_IncreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

(16,365,000)

Increase in assumption

opra_IncreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

(6,657,000)

Increase in assumption

opra_IncreaseInvestmentAccountedForUsingEquityMethodFairValueMeasurement

$ (6,217,000)

Time to exit (Year)

opra_ChangeInAssumptionOfUnobservableInputYears

6 months

^[4]

Disclosure of Financial Position Data In Associates and Joint Ventures [Text Block]

opra_DisclosureOfFinancialPositionDataInAssociatesAndJointVenturesTextBlock

The following table presents summarized financial position data for the MiniPay Fund (in thousands):


	As of December 31,
	2024			2025
Accounts receivable	$	20		$	62
Cash and cash equivalents		1,343			27
Investments		3,435			14,596
Accrued expenses		(1	)		(15	)
Net assets	$	4,797		$	14,669
Opera’s share of net assets	$	1,248		$	4,016

Share of Net Assets

opra_ShareOfNetAssets

1,248,000

Share of Net Assets

opra_ShareOfNetAssets

4,016,000

Disclosure of Income Data In Associates and Joint Ventures [Text Block]

opra_DisclosureOfIncomeDataInAssociatesAndJointVenturesTextBlock

The following table presents summarized income data of the MiniPay Fund (in thousands):


	Year Ended December 31,
	2023		2024			2025
Dividends	$	—	$	—		$	6
Interest income		—		20			42
Unrealized gains		—		—			1,153
Management fee		—		(17	)		(177	)
Other expenses		—		—			(1	)
Net income (loss)	$	—	$	3		$	1,023
Opera’s share of net income (loss) (1)	$	—	$	(2	)	$	268

_______________

(1)

As certain other investors in the MiniPay Fund contribute in-kind services instead of paying the asset management fee in cash, Opera’s share of the fund’s net income (loss) deviates from Opera’s ownership interest.

Unrealized Gains

opra_UnrealizedGains

$ 0

Unrealized Gains

opra_UnrealizedGains

Unrealized Gains

opra_UnrealizedGains

1,153,000

Management Fees

opra_ManagementFees

Management Fees

opra_ManagementFees

17,000

Management Fees

opra_ManagementFees

177,000

Investment Amount

opra_InvestmentAmount

1,250,000

Investment Amount

opra_InvestmentAmount

2,500,000

Unrecognized income (loss) from associates

opra_UnrecognizedIncomeLossFromAssociates

11,000

Accumulated balance of unrecognized share of losses in associates

opra_AccumulatedBalanceOfUnrecognizedShareOfLossesInAssociates

$ 200,000

Disclosure of trade receivables and other current receivables [text block]

opra_DisclosureOfTradeReceivablesAndOtherCurrentReceivablesTextBlock

The table below presents a disaggregation of trade receivables (in thousands):


	As of December 31,
	2024			2025
Trade receivables due from third-party customers	$	97,290		$	113,180
Trade receivables due from related parties (Note 17)		713			330
Total gross trade receivables		98,003			113,510
Allowance for expected credit losses		(5,180	)		(917	)
Trade receivables net of loss allowance	$	92,823		$	112,593

The table below presents the items of other current receivables (in thousands):


	As of December 31,
	2024		2025
Value added tax	$	3,275	$	4,553
Other		1,284		2,480
Total other current receivables	$	4,560	$	7,033

opra_TradeReceivablesGross

$ 97,290,000

opra_TradeReceivablesGross

113,180,000

opra_TradeReceivablesGross

713,000

opra_TradeReceivablesGross

330,000

opra_TradeReceivablesGross

98,003,000

opra_TradeReceivablesGross

113,510,000

opra_TradeReceivablesGross

85,973,000

opra_TradeReceivablesGross

4,793,000

opra_TradeReceivablesGross

1,334,000

opra_TradeReceivablesGross

387,000

opra_TradeReceivablesGross

5,516,000

opra_TradeReceivablesGross

106,219,000

opra_TradeReceivablesGross

4,722,000

opra_TradeReceivablesGross

943,000

opra_TradeReceivablesGross

360,000

opra_TradeReceivablesGross

1,266,000

Allowance for expected credit losses

opra_AllowanceForExpectedCreditLosses

5,180,000

Allowance for expected credit losses

opra_AllowanceForExpectedCreditLosses

917,000

Allowance for expected credit losses

opra_AllowanceForExpectedCreditLosses

589,000

Allowance for expected credit losses

opra_AllowanceForExpectedCreditLosses

83,000

Allowance for expected credit losses

opra_AllowanceForExpectedCreditLosses

35,000

Allowance for expected credit losses

opra_AllowanceForExpectedCreditLosses

15,000

Allowance for expected credit losses

opra_AllowanceForExpectedCreditLosses

4,459,000

Allowance for expected credit losses

opra_AllowanceForExpectedCreditLosses

249,000

Allowance for expected credit losses

opra_AllowanceForExpectedCreditLosses

38,000

Allowance for expected credit losses

opra_AllowanceForExpectedCreditLosses

14,000

Allowance for expected credit losses

opra_AllowanceForExpectedCreditLosses

6,000

Allowance for expected credit losses

opra_AllowanceForExpectedCreditLosses

609,000

Allowance for expected credit losses

opra_AllowanceForExpectedCreditLosses

7,677,000

Allowance for expected credit losses

opra_AllowanceForExpectedCreditLosses

5,180,000

Allowance for expected credit losses

opra_AllowanceForExpectedCreditLosses

$ 917,000

Disclosure of aging of trade receivables [text block]

opra_DisclosureOfAgingOfTradeReceivablesExplanatory

The credit loss allowance was determined as follows (in thousands, except for percentages):


				Past Due
As of December 31, 2024:	Current			<30 Days			30-60 Days			61-90 Days			>90 Days			Total
Weighted-average expected credit loss rate		0.7	%		1.7	%		2.6	%		3.8	%		80.8	%		5.3	%
Gross carrying amount of trade receivables	$	85,973		$	4,793		$	1,334		$	387		$	5,516		$	98,003
Loss allowance as of December 31, 2024	$	589		$	83		$	35		$	15		$	4,459		$	5,180

				Past Due
As of December 31, 2025:	Current			<30 Days			30-60 Days			61-90 Days			>90 Days			Total
Weighted-average expected credit loss rate		0.2	%		0.8	%		1.5	%		1.8	%		48.1	%		0.8	%
Gross carrying amount of trade receivables	$	106,219		$	4,722		$	943		$	360		$	1,266		$	113,510
Loss allowance as of December 31, 2025	$	249		$	38		$	14		$	6		$	609		$	917

Provision for impairment of trade receivables [text block]

opra_ProvisionForImpairmentOfTradeReceivablesTextBlock

The credit loss allowance for trade receivables as of year-end reconciles to the opening loss allowance as follows (in thousands):


	Year Ended December 31,
	2024			2025
Loss allowance as of January 1	$	7,677		$	5,180
Write-offs		(1,982	)		(4,084	)
Increase (decrease) in loss allowance		(516	)		(179	)
Loss allowance as of December 31	$	5,180		$	917

Increase Decrease Through Changes Allowance Account For Credit Losses Of Financial Assets

opra_IncreaseDecreaseThroughChangesAllowanceAccountForCreditLossesOfFinancialAssets

$ (516,000)

Increase Decrease Through Changes Allowance Account For Credit Losses Of Financial Assets

opra_IncreaseDecreaseThroughChangesAllowanceAccountForCreditLossesOfFinancialAssets

(179,000)

opra_MiscellaneousOtherReceivable

1,284,000

opra_MiscellaneousOtherReceivable

$ 2,480,000

Disclosure of Borrowings and Finance Lease Liabilities

opra_DisclosureOfBorrowingsAndFinanceLeaseLiabilitiesTextBlock

The table below presents the amounts of lease liabilities (in thousands):


	As of December 31,
	2024		2025
Non-current lease liabilities	$	5,631	$	4,544
Current lease liabilities		3,955		3,866
Total lease liabilities	$	9,586	$	8,410

Disclosure of lease amounts included in financial statements [text block]

opra_DisclosureOfLeaseAmountsIncludedInFinancialStatementsTextBlock

The Statement of Operations has the following amounts relating to leases (in thousands):


	Year Ended December 31,
	2023			2024			2025
Depreciation expense of right-of-use assets presented as property	$	(1,664	)	$	(1,838	)	$	(2,029	)
Depreciation expense of right-of-use assets presented as equipment		(1,971	)		(2,514	)		(2,641	)
Expense relating to short-term leases (included in other operating expenses)		(1,254	)		(1,251	)		(1,084	)
Interest expense (included in finance expense)		(356	)		(518	)		(461	)
Foreign exchange gain (loss)		(196	)		601			(894	)
Total lease-related expenses	$	(5,441	)	$	(5,520	)	$	(7,109	)

opra_GainsLossesArisingFromForeignNetExchangeRelatingToLeases

$ (196,000)

opra_GainsLossesArisingFromForeignNetExchangeRelatingToLeases

601,000

opra_GainsLossesArisingFromForeignNetExchangeRelatingToLeases

(894,000)

opra_LeaserelatedExpenses

5,441,000

opra_LeaserelatedExpenses

5,520,000

opra_LeaserelatedExpenses

$ 7,109,000

Disclosure of detailed information about trade and other payables [text block]

opra_DisclosureOfDetailedInformationAboutTradeAndOtherPayablesTextBlock

The table below presents the items of trade and other payables (in thousands):


	As of December 31,
	2024		2025
Trade payables due to third-party suppliers	$	72,694	$	85,574
Trade and other payables due to related parties (Note 17)		—		120
Value added tax		538		1,196
Payroll tax		2,052		2,630
Total trade and other payables	$	75,285	$	89,520

The following table shows the items of other current liabilities (in thousands):


	As of December 31,
	2024		2025
Accrued personnel expenses	$	13,039	$	13,514
Other current liabilities		182		759
Total other current liabilities	$	13,222	$	14,273

opra_TradePayableToThirdParty

$ 72,694,000

opra_TradePayableToThirdParty

85,574,000

opra_PayrollTaxPayables

2,052,000

opra_PayrollTaxPayables

2,630,000

opra_CurrentAccruedPersonnelExpenses

13,039,000

opra_CurrentAccruedPersonnelExpenses

13,514,000

opra_OtherCurrentMiscellaneousLiabilities

182,000

opra_OtherCurrentMiscellaneousLiabilities

$ 759,000

Percentage Of Strengthening In Closing Foreign Exchange Rate

opra_PercentageOfStrengtheningInClosingForeignExchangeRate

5.00%

Total financial liabilities, including interest

opra_TotalFinancialLiabilitiesIncludingInterest

$ 92,869,000

Total financial liabilities, including interest

opra_TotalFinancialLiabilitiesIncludingInterest

4,657,000

Total financial liabilities, including interest

opra_TotalFinancialLiabilitiesIncludingInterest

1,420,000

Total financial liabilities, including interest

opra_TotalFinancialLiabilitiesIncludingInterest

98,946,000

Total financial liabilities, including interest

opra_TotalFinancialLiabilitiesIncludingInterest

108,005,000

Total financial liabilities, including interest

opra_TotalFinancialLiabilitiesIncludingInterest

2,804,000

Total financial liabilities, including interest

opra_TotalFinancialLiabilitiesIncludingInterest

2,005,000

Total financial liabilities, including interest

opra_TotalFinancialLiabilitiesIncludingInterest

112,815,000

opra_IncreaseDecreaseThroughEffectOfChangesInInterestExpenseLiabilitiesArisingFromFinancingActivities

303,000

opra_IncreaseDecreaseThroughEffectOfChangesInInterestExpenseLiabilitiesArisingFromFinancingActivities

216,000

opra_IncreaseDecreaseThroughEffectOfChangesInInterestExpenseLiabilitiesArisingFromFinancingActivities

518,000

opra_IncreaseDecreaseThroughEffectOfChangesInInterestExpenseLiabilitiesArisingFromFinancingActivities

224,000

opra_IncreaseDecreaseThroughEffectOfChangesInInterestExpenseLiabilitiesArisingFromFinancingActivities

237,000

opra_IncreaseDecreaseThroughEffectOfChangesInInterestExpenseLiabilitiesArisingFromFinancingActivities

$ 461,000

Disclosure of Capital Managements Explanatory

opra_DisclosureOfCapitalManagementsExplanatory

Note 16 — Capital Management

Opera’s objective in managing capital is to maintain a capital structure that supports its operations, strategic investments and long-term growth while preserving financial flexibility. Management seeks to ensure that the Group can meet its obligations, maintain the confidence of investors and other stakeholders, and provide returns to shareholders, including through recurring dividends and share repurchase programs.

Dividends

In January 2023, the Board of Directors declared a special dividend of $0.80 per share, representing an aggregate distribution of $71.3 million. Of this amount, $59.0 million payable to Kunlun and Keeneyes Future Holding was settled through offsets against receivables due from those shareholders (see Note 17), with the remaining $12.3 million paid in cash.

In June 2023, the Board of Directors adopted a recurring semi-annual dividend program and declared the first semi-annual dividend of $0.40 per share, representing an aggregate distribution of $36.0 million. Since then, Opera has paid semi-annual dividends of $0.40 per share in January and July of 2024 and 2025, totaling $70.4 million in 2024 and $71.2 million in 2025. Portions of dividends payable on the ordinary shares held by Kunlun, amounting to $25.1 million in 2023 and $33.0 million in 2024 were settled through offsets against a receivable due from Kunlun from the sale in 2022 of Opera’s former ownership interest in Star X, which resulted in the receivable being fully settled in July 2024.

The table below summarizes dividends paid (in thousands except per share amounts):


Payment Date	Type	Per Share		Total Dividends		Offset Against Receivables		Paid in Cash
February 9, 2023	Special	$	0.80	$	71,256	$	58,983	$	12,273
July 12, 2023	Recurring	$	0.40	$	35,965	$	25,133	$	10,832
Total dividends paid in 2023		$	1.20	$	107,222	$	84,116	$	23,105
January 9, 2024	Recurring	$	0.40	$	35,007	$	25,133	$	9,874
July 15, 2024	Recurring	$	0.40	$	35,391	$	7,829	$	27,561
Total dividends paid in 2024		$	0.80	$	70,398	$	32,962	$	37,435
January 13, 2025	Recurring	$	0.40	$	35,395	$	—	$	35,395
July 15, 2025	Recurring	$	0.40	$	35,772	$	—	$	35,772
Total dividends paid in 2025		$	0.80	$	71,167	$	—	$	71,167

In December 2025, the Board of Directors declared a semi-annual dividend of $0.40 per share under the recurring dividend program to shareholders of record on January 7, 2026. Because the Board of Directors had the ability to cancel the dividend up until the record date, the dividend did not represent a liability as of December 31, 2025.

The Company intends to continue paying semi-annual dividends; however, the declaration, timing and amount of any future dividends remain subject to Board approval and will depend on the Company’s financial condition, results of operations, capital requirements, contractual restrictions and other relevant factors.

Share Repurchases

In January 2022, the Board of Directors approved a share repurchase program authorizing the repurchase of up to $50 million of the Company’s ADSs by March 2024. The program commenced in February 2022 and was completed in November 2023, at which point in time the Company had repurchased an aggregate 6,119,841 ADSs for a total spend of $50 million.

Including the ADS repurchase programs completed in 2019 and 2021, as well as a repurchase of ordinary shares from a pre-IPO shareholder in 2022, the Company has repurchased a total of 36,971,296 shares for an aggregate spend of $239.0 million since its initial public offering in 2018. As of December 31, 2025, the Company held 1,600,107 ADSs in treasury. Treasury shares are recognized at cost and deducted from equity. No gain or loss is recognized in the Statement of Operations on the purchase, sale, reissue, or cancellation of the Company’s own equity instruments. For information regarding a new $300 million share repurchase program authorized subsequent to the reporting period, see Note 18.

The following table summarizes total capital returned to shareholders in the Company through share repurchases and dividends during 2023, 2024 and 2025 (in thousands, except number of shares and per share amounts):


	Share Repurchases						Dividends
Year Ended December 31,	Number of Shares		Average Price Paid per Share		Amount		Per Share		Amount		Total Capital Returns
2023		2,765,346	$	11.82	$	32,695	$	1.20	$	107,222	$	139,917
2024		—	$	—	$	—	$	0.80	$	70,398	$	70,398
2025		—	$	—	$	—	$	0.80	$	71,167	$	71,167

Marketable Securities

In early 2023, following the sale of the majority of the securities portfolio to Kunlun and Keeneyes Future Holding (see Note 17), and the subsequent sale of the remaining securities in market transactions, Opera terminated its program under which up to $70 million had been allocated to investments in marketable securities. The program generated a net gain of $3.2 million prior to its termination in 2023, recognized in finance income, and a cumulative net gain of $34.2 million since its inception in 2018.

Date of Dividend Payment

opra_DateOfDividendPayment

Feb. 09, 2023

Date of Dividend Payment

opra_DateOfDividendPayment

Jul. 12, 2023

Date of Dividend Payment

opra_DateOfDividendPayment

Jan. 09, 2024

Date of Dividend Payment

opra_DateOfDividendPayment

Jul. 15, 2024

Date of Dividend Payment

opra_DateOfDividendPayment

Jan. 13, 2025

Date of Dividend Payment

opra_DateOfDividendPayment

Jul. 15, 2025

Dividend

opra_Dividend

$ 71,256,000

Dividend

opra_Dividend

35,965,000

Dividend

opra_Dividend

107,222,000

Dividend

opra_Dividend

35,007,000

Dividend

opra_Dividend

35,391,000

Dividend

opra_Dividend

70,398,000

Dividend

opra_Dividend

35,395,000

Dividend

opra_Dividend

35,772,000

Dividend

opra_Dividend

71,167,000

Dividend

opra_Dividend

107,222,000

Dividend

opra_Dividend

70,398,000

Dividend

opra_Dividend

71,167,000

Dividend Offset Against Receivables

opra_DividendOffsetAgainstReceivables

58,983,000

Dividend Offset Against Receivables

opra_DividendOffsetAgainstReceivables

25,133,000

Dividend Offset Against Receivables

opra_DividendOffsetAgainstReceivables

84,116,000

Dividend Offset Against Receivables

opra_DividendOffsetAgainstReceivables

25,133,000

Dividend Offset Against Receivables

opra_DividendOffsetAgainstReceivables

7,829,000

Dividend Offset Against Receivables

opra_DividendOffsetAgainstReceivables

32,962,000

Dividend Offset Against Receivables

opra_DividendOffsetAgainstReceivables

Dividend Offset Against Receivables

opra_DividendOffsetAgainstReceivables

Dividend Offset Against Receivables

opra_DividendOffsetAgainstReceivables

Dividends Paid In Cash

opra_DividendsPaidInCash

12,273,000

Dividends Paid In Cash

opra_DividendsPaidInCash

10,832,000

Dividends Paid In Cash

opra_DividendsPaidInCash

23,105,000

Dividends Paid In Cash

opra_DividendsPaidInCash

9,874,000

Dividends Paid In Cash

opra_DividendsPaidInCash

27,561,000

Dividends Paid In Cash

opra_DividendsPaidInCash

37,435,000

Dividends Paid In Cash

opra_DividendsPaidInCash

35,395,000

Dividends Paid In Cash

opra_DividendsPaidInCash

35,772,000

Dividends Paid In Cash

opra_DividendsPaidInCash

71,167,000

opra_ShareRepurchaseProgramMaximumAuthorizedAmount

$ 50,000,000

opra_NumberOfSharesRepurchasedDuringPeriod

6,119,841

opra_NumberOfSharesRepurchasedDuringPeriod

36,971,296

opra_NumberOfSharesRepurchasedDuringPeriod

2,765,346

opra_NumberOfSharesRepurchasedDuringPeriod

229,856

opra_NumberOfSharesRepurchasedDuringPeriod

485,874

opra_NumberOfSharesRepurchasedDuringPeriod

715,730

opra_NumberOfSharesRepurchasedDuringPeriod

97,335

Share Repurchase Program, Authorized Amount

opra_ShareRepurchaseProgramAuthorizedAmount

$ 300,000,000

Share Repurchase Program, Authorized Amount

opra_ShareRepurchaseProgramAuthorizedAmount

$ 300,000,000

Disclosure of Summery of Capital Returned to Shareholders Explanatory

opra_DisclosureOfSummeryOfCapitalReturnedToShareholdersExplanatory


	Share Repurchases						Dividends
Year Ended December 31,	Number of Shares		Average Price Paid per Share		Amount		Per Share		Amount		Total Capital Returns
2023		2,765,346	$	11.82	$	32,695	$	1.20	$	107,222	$	139,917
2024		—	$	—	$	—	$	0.80	$	70,398	$	70,398
2025		—	$	—	$	—	$	0.80	$	71,167	$	71,167

Shares Repurchased, Average Price Paid Per Share

opra_SharesRepurchasedAveragePricePaidPerShare

$ 11.82

Shares Repurchased, Average Price Paid Per Share

opra_SharesRepurchasedAveragePricePaidPerShare

Shares Repurchased, Average Price Paid Per Share

opra_SharesRepurchasedAveragePricePaidPerShare

$ 0

Share Repurchases and Dividends

opra_ShareRepurchasesAndDividends

$ 139,917,000

Share Repurchases and Dividends

opra_ShareRepurchasesAndDividends

70,398,000

Share Repurchases and Dividends

opra_ShareRepurchasesAndDividends

71,167,000

Capital Reserved For Investments In Marketable Securities

opra_CapitalReservedForInvestmentsInMarketableSecurities

70,000

Capital Reserve For Net Gain Prior to Termination

opra_CapitalReserveForNetGainPriorToTermination

3,200,000

Cumulative Net Gain (Loss) Related To Marketable Securities

opra_CumulativeNetGainLossRelatedToMarketableSecurities

34,200,000

Capital Contributions

opra_CapitalContributions

1,250,000

Capital Contributions

opra_CapitalContributions

2,500,000

Remaining Capital Commitments

opra_RemainingCapitalCommitments

$ 6,250,000

Dividend Payable, Date to be Paid

opra_DividendPayableDateToBePaid

Jan. 14, 2026

Dividend Payable, Date of Record

opra_DividendPayableDateOfRecord

Jan. 07, 2026

opra_NumberOfInstrumentsOtherEquityInstrumentsIncreaseFromDividends

61,376

Number of Instruments Other Equity Instruments Transferred

opra_NumberOfInstrumentsOtherEquityInstrumentsTransferred

1,045,522

Share Repurchase Program, Period

opra_ShareRepurchaseProgramPeriod

2 years

Shares Repurchased, Average Price Per Share

opra_SharesRepurchasedAveragePricePerShare

$ 15.21

Stock Issued, Number of Shares Repurchased, Value

opra_StockIssuedNumberOfSharesRepurchasedValue

$ 1,400,000

Kunlun Tech [member]

opra_ExpectedVolatilityOtherEquityInstrumentsGranted

23.50%

opra_ExpectedVolatilityOtherEquityInstrumentsGranted

34.50%

opra_RiskFreeInterestRateOtherEquityInstrumentsGranted

2.10%

opra_RiskFreeInterestRateOtherEquityInstrumentsGranted

2.10%

Opera [member]

opra_ExpectedVolatilityOtherEquityInstrumentsGranted

63.00%

opra_ExpectedVolatilityOtherEquityInstrumentsGranted

59.30%

opra_RiskFreeInterestRateOtherEquityInstrumentsGranted

4.30%

opra_RiskFreeInterestRateOtherEquityInstrumentsGranted

4.20%

opra_DurationOfInitialSimulationPeriodOtherEquityInstrumentsGranted

2 years 4 months 20 days

opra_DurationOfInitialSimulationPeriodOtherEquityInstrumentsGranted

1 year 6 months

opra_DurationOfSecondSimulationPeriodWithPostponedExerciseOtherEquityInstrumentsGranted

3 years

opra_DurationOfSecondSimulationPeriodWithPostponedExerciseOtherEquityInstrumentsGranted

3 years

NIGERIA

Three year cumulative inflation rate

opra_ThreeYearCumulativeInflationRate

80.00%

Three year cumulative inflation rate

opra_ThreeYearCumulativeInflationRate

65.00%

Three year cumulative inflation rate

opra_ThreeYearCumulativeInflationRate

66.00%

Euro Member Countries, Euro

Increase (Decrease) On Income Before Income Taxes Through Change In Foreign Exchange Rate