| Cash flow information |
Cash flow information | | | | | | | | | | | | (in U.S. dollars, in thousands)
(a) Reconciliation of cash and cash equivalents | As of
December 31,
2025 | | As of
June 30,
2025 | | Cash at bank | 129,573 | | | 161,158 | | | Deposits at call | 402 | | | 393 | | | 129,975 | | | 161,551 | |
| | | | | | | | | | | | | | | | (in U.S. dollars, in thousands) | Six Months Ended
December 31, | | | (b) Reconciliation of net cash flows used in operations with loss after income tax | 2025 | | 2024 | | | Loss for the period | (40,162) | | | (47,934) | | | | Add/(deduct) net loss for non-cash items as follows: | | | | | | Finance costs | 15,083 | | | 10,790 | | | | Equity settled share-based payment | 9,102 | | | 15,172 | | | | Remeasurement of warrant liabilities | 4,498 | | | 11,978 | | | | Depreciation and amortization | 4,309 | | | 2,081 | | | | Other cost of finance classified as financing activities | 2,613 | | | — | | | | Loss on termination of sublease | 166 | | | — | | | | Gain on termination of lease | (618) | | | — | | | | Foreign exchange (gains)/losses | (311) | | | 616 | | | | Remeasurement of contingent consideration | (7,641) | | | 4,303 | | | | Restructure of short term incentive | — | | | 6,711 | | | | Deferred tax expense/(benefit) | 445 | | | 212 | | | | Adjustment for pre-launch inventory | — | | | (24,194) | | | | Change in operating assets and liabilities: | | | | | | Decrease/(increase) in trade and other receivables | (28,472) | | | 17,567 | | | | Decrease/(increase) in prepayments | (1,742) | | | (1,198) | | | | Decrease/(increase) in inventory | 581 | | | — | | | | Decrease/(increase) in tax incentive recoverable | — | | | 424 | | | | Increase/(decrease) in trade and other payables | 13,730 | | | 4,710 | | | | Increase/(decrease) in provisions | (1,925) | | | (21,893) | | | | Net cash outflows used in operations | (30,344) | | | (20,655) | | |
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