| Leases |
The Company, as a lessee, has lease contracts for various items of property and vehicles used in its operations. Certain leases include extension and termination options. These options are negotiated by management to provide flexibility in managing the leased-asset portfolio and align with the Company’s business needs. Right-of-use assets
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Buildings |
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Vehicles |
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Other |
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Total |
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Cost |
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September 30, 2023 |
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177,139 |
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5,432 |
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— |
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182,571 |
|
Additions |
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81,869 |
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3,363 |
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11,312 |
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96,544 |
|
Derecognition on termination |
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(6,721 |
) |
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(791 |
) |
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— |
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|
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(7,512 |
) |
Impact of foreign currency translation |
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(6,243 |
) |
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|
5 |
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(502 |
) |
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(6,740 |
) |
September 30, 2024 |
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246,044 |
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8,009 |
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10,810 |
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264,863 |
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Additions |
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64,289 |
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2,650 |
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2,559 |
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|
69,498 |
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Derecognition on termination |
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|
(23,199 |
) |
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(1,075 |
) |
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— |
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|
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(24,274 |
) |
Impact of foreign currency translation |
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(8,591 |
) |
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2 |
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(576 |
) |
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(9,165 |
) |
September 30, 2025 |
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278,543 |
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9,586 |
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12,793 |
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300,922 |
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Accumulated depreciation |
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September 30, 2023 |
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(57,736 |
) |
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(1,851 |
) |
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— |
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(59,587 |
) |
Depreciation |
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(37,926 |
) |
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(1,668 |
) |
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(2,685 |
) |
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(42,279 |
) |
Derecognition on termination |
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5,551 |
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|
602 |
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— |
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|
6,153 |
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Impact of foreign currency translation |
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2,031 |
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(4 |
) |
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|
157 |
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2,184 |
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September 30, 2024 |
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(88,080 |
) |
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(2,921 |
) |
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(2,528 |
) |
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(93,529 |
) |
Depreciation |
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(40,433 |
) |
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(2,114 |
) |
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(3,241 |
) |
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(45,788 |
) |
Derecognition on termination |
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13,671 |
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|
1,018 |
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— |
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|
14,689 |
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Impact of foreign currency translation |
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3,178 |
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— |
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|
290 |
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3,468 |
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September 30, 2025 |
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(111,664 |
) |
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(4,017 |
) |
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(5,479 |
) |
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(121,160 |
) |
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Net book value |
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September 30, 2024 |
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157,964 |
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5,088 |
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8,282 |
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171,334 |
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September 30, 2025 |
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166,879 |
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5,569 |
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7,314 |
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179,762 |
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Lease liabilities
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Buildings |
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Vehicles |
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Other |
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Total |
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September 30, 2023 |
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126,446 |
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3,613 |
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— |
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130,059 |
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Additions, net* |
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79,705 |
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3,166 |
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12,840 |
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95,711 |
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Lease payments |
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(41,323 |
) |
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(1,783 |
) |
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(4,090 |
) |
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(47,196 |
) |
Interest |
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8,066 |
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|
181 |
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1,155 |
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|
9,402 |
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Impact of foreign currency translation |
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(3,909 |
) |
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6 |
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— |
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(3,903 |
) |
September 30, 2024 |
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168,985 |
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5,183 |
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9,905 |
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184,073 |
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Additions, net* |
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52,755 |
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2,583 |
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2,572 |
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|
57,910 |
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Lease payments |
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(45,148 |
) |
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(2,275 |
) |
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(4,291 |
) |
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(51,714 |
) |
Interest |
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8,163 |
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|
218 |
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|
|
615 |
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|
|
8,996 |
|
Impact of foreign currency translation |
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(6,020 |
) |
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|
2 |
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(328 |
) |
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(6,346 |
) |
September 30, 2025 |
|
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178,735 |
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5,711 |
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8,473 |
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192,919 |
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*Additions, net consists of additions to lease liabilities, lease modifications, and derecognition on termination. Ancillary expense related to variable lease payments not included within the measurement of lease liabilities on a monthly basis are immaterial, accounting for approximately 10% or less of total lease payments for buildings. Refer to Note 6 – Financial risk management objectives and policies for disclosure of lease liability maturities. Variable lease payments, short term leases, and low value leases were not significant for the years ended September 30, 2025, 2024 and 2023. For further detail with respect to the Company’s leases, refer to Note 3 – Accounting Policies and Note 29 – Related party disclosures.
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