v3.25.2
Income Tax (Tables)
 12 Months Ended
Jun. 30, 2025
Income Tax [Abstarct]  
Schedule of Operations Reconciles to the Income Tax Benefit

The prima facie income tax benefit on pre-tax accounting loss from operations reconciles to the income tax benefit in the financial statements as follows:

 

   June 30,
2025		   June 30,
2024		 
   (in thousands) 
Accounting loss before tax   (46,885)   (18,415)
Income tax benefit at the applicable tax rate of 30%   (14,066)   (5,525)
Non-deductible expenses   4,511    6,545 
Non-assessable income   (1,527)   (3,431)
Deferred tax assets not recognized   1,143    927 
Income tax benefit   
-
    (30)
Unrecognized Deferred Tax Asset          
Deferred tax asset not recognized in the financial statements:          
Unused tax losses   10,648    6,887 
Net unrecognized tax benefit at 25%   11,790    7,813