Income Tax Benefit - Reconciliation of income tax benefit (Details) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2022 |
|
Income taxes paid (refund) [abstract] | |||
Net loss before income tax | $ (293,445) | $ (15,595) | $ (6,811) |
Income tax benefit calculated at 30% (25% - 2022 & 2023) | (88,030) | (3,899) | (1,703) |
Add: Commercial debt forgiveness gain | 4,615 | 0 | 0 |
Less: Use of previously unrecognised tax now recouped to reduce current tax expense | (3,877) | 0 | 0 |
Less: Use of Blackhole expenditure reserve to reduce current tax expense | (738) | 0 | 0 |
Add: Non-deductible expenses | 82,134 | 1,401 | 60 |
Add: Tax losses not recognised | 5,240 | 1,907 | 781 |
Add: Accounting expenditure subject to R&D | 655 | 374 | 432 |
Less: R&D tax recovery | 0 | (163) | (188) |
Income tax benefit | $ 0 | $ (378) | $ (618) |
Applicable tax rate | 30.00% | 25.00% | 25.00% |