Financial Instruments and Risk Management (Tables)

12 Months Ended

Jun. 30, 2025

Disclosure of detailed information about financial instruments [line items]

Undiscounted Contractual Maturity Analysis for Financial Assets and Liabilities

The following table shows an undiscounted contractual maturity analysis for financial assets and financial liabilities and reflects management's expectations with respect to realisation of financial assets and financial liabilities and timing of termination:

Year ended 30 June 2025	Weighted average interest rate %			1 year or less $’000		1 to 5 years $’000			More than 5 years $’000			Total $’000
Financial assets
Cash and cash equivalents		3.49	%		72,290		–			–			72,290
Trade and other receivables					23,451		–			–			23,451
Other financial assets					–		–			1,007			1,007
Other assets		2.14	%		5,389		670			10,281			16,340
Total financial assets					101,130		670			11,288			113,088
Financial liabilities
Trade and other payables					49,608		–			–			49,608
Interest bearing liabilities		16.00	%		15,243		14,675			–			29,918
Lease liabilities		9.63	%		2,697		90			–			2,787
Total financial liabilities					67,548		14,765			–			82,313
Net financial instruments					33,582		(14,095	)		11,288			30,775

Year ended 30 June 2024
Financial assets
Cash and cash equivalents		4.34	%		90,624		–			–			90,624
Trade and other receivables					11,877		–			–			11,877
Other financial assets					–		–			740			740
Other assets		2.50	%		18,530		–			–			18,530
Total financial assets					121,031		–			740			121,771
Financial liabilities
Trade and other payables					60,876		–			–			60,876
Interest bearing liabilities		5.00	%		12,672		12,533			–			25,205
Lease liabilities		9.69	%		3,200		2,738			–			5,938
Other liabilities					–		–			4,540			4,540
Total financial liabilities					76,748		15,271			4,540			96,559
Net financial instruments					44,283		(15,271	)		(3,800	)		25,212

Fair Value of Financial Assets and Liabilities

The following table shows the fair value of financial assets and financial liabilities, including their levels in the fair value hierarchy. It does not include fair value information of financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value.

At 30 June 2025	Level 1 $’000		Level 2 $’000			Level 3 $’000		Total $’000
Other financial assets designated at FVOCI		1,007		–			–		1,007
Trade and other receivables		–		157			–		157
Total		1,007		157			–		1,164

At 30 June 2024
Other financial assets designated at FVOCI		740		–			–		740
Trade and other payables		–		(6,505	)		–		(6,505	)
Total		740		(6,505	)		–		(5,765	)

Movement in Liabilities from Financing Activities

The movement in the Group’s liabilities from financing activities during the year is as follows:

Year ended 30 June 2025	Interest bearing liabilities $’000			Preference shares $’000		Lease liabilities $’000			Total $’000
At the beginning of the financial year		–			25,205		5,415			30,620
Cash movements		558			–		(3,226	)		(2,668	)
Other non-cash movements		24			4,145		475			4,644
At the end of the financial year		582			29,350		2,664			32,596

Year ended 30 June 2024
At the beginning of the financial year		112			24,849		6,253			31,214
Cash movements		(112	)		–		(3,280	)		(3,392	)
Other non-cash movements		–			356		2,442			2,798
At the end of the financial year		–			25,205		5,415			30,620

Year ended 30 June 2023
At the beginning of the financial year		–			23,462		10			23,472
Cash movements		110			–		(776	)		(666	)
Other non-cash movements		2			1,387		7,019			8,408
At the end of the financial year		112			24,849		6,253			31,214

Interest Rate Risk [Member]

Disclosure of detailed information about financial instruments [line items]

Net Exposure to Risk

The Group’s net exposure to interest rate risk at the reporting date is as follows:

	2025 $’000			2024 $’000
Financial assets
Cash and cash equivalents		72,290			90,624
Other assets		16,340			18,530
Financial liabilities
Interest bearing liabilities		(44,955	)		–
Net exposure		43,675			109,154

Sensitivity Analysis

The following table demonstrates the sensitivity to a 100 basis point change in interest rates, with all other variables remaining constant:

	Effect on profit after tax 2025 $’000			Effect on profit after tax 2024 $’000
+100 basis point change in interest rates		306			764
-100 basis point change in interest rates		(306	)		(764	)

Foreign Currency Risk [Member]

Disclosure of detailed information about financial instruments [line items]

Net Exposure to Risk

The Group's net exposure to foreign currency risk (in Australian dollars) at the reporting date is as follows:

	Canadian dollar risk exposure 2025 $’000			Canadian dollar risk exposure 2024 $’000		US dollar risk exposure 2025 $’000			US dollar risk exposure 2024 $’000
Financial assets
Cash and cash equivalents		1			22,637		21,703			6,290
Trade and other receivables		–			155		29,012			6,209
Other assets		–			–		3,880			5,940
Financial liabilities
Trade and other payables		(2	)		–		(9,305	)		(6,464	)
Interest bearing liabilities		–			–		(47,115	)		(4,546	)
Other liabilities		–			–		(7,608	)		(12,007	)
Net exposure		(1	)		22,792		(9,433	)		(4,578	)

Sensitivity Analysis

Based on the Group’s net financial assets and liabilities as at 30 June, a weakening of the Australian dollar against these currencies as illustrated in the table below, with all other variables held constant, would have the following effect on the Group’s profit or loss after tax:

	Effect on profit after tax 2025 $’000		Effect on profit after tax 2024 $’000
5 per cent movement in Canadian dollar		–		(798	)
5 per cent movement in United States dollar		330		160