v3.25.2
Income Taxes
9 Months Ended
Dec. 31, 2024
Income Taxes [Abstract]  
Income Taxes
15. Income Taxes

 

The effective tax rate for the three months and nine months ended December 31, 2024 was 10% and 7% of pre tax losses (2023: 15% and 11%) respectively. Our effective tax rate is lower than the statutory US federal income tax rate of 21% due to the Company’s policy to recognize valuation allowances for carried forward losses in the US, UK and all other markets, excluding Australia. This policy is consistent with the Company’s policy for the year ended March 31, 2024.