Income tax expense (Tables)

6 Months Ended

Dec. 31, 2024

Income tax expense

Schedule of major components of income tax expense recognized in profit or loss


		December 31,		December 31,
		2024		2023
		US$		US$
		(Audited)		(Unaudited)
Current year		—		—

Schedule of reconciliation between tax expense and the product of accounting loss multiplied by the applicable corporate tax rate


		December 31,		December 31,
		2024		2023
		US$		US$
		(Audited)		(Unaudited)
Loss before tax		(12,932,043)		(5,808,572)

Income tax expense at 17% (2023: 17%)		(2,198,447)		(987,457)
Effect of difference tax rate		157,627		—
Income not subject to tax		(7,267)		(1,834)
Non-deductible expenses		1,825,788		700,709
Deferred tax assets not recognised		222,299		288,582
		—		—

Schedule of has unabsorbed tax losses available for offsetting against future taxable income


		December 31,		December 31,
		2024		2023
		US$		US$
		(Audited)		(Unaudited)
At beginning of financial period/year		5,051,453		2,280,329
Addition		1,307,641		1,697,541
At end of financial period/year		6,359,094		3,977,870